Business Standard

Double-digit earnings growth for Nifty companies in Q3; base effect in play

Combined net profit of Nifty50 firms estimated to grow by 15.4%

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Krishna Kant Mumbai
Led by a strong show by private sector lenders, oil marketing companies, automakers and metal producers, Nifty 50 companies are expected to report double-digit growth in earnings for the second consecutive quarter (October-December 2017). Base effect is also in play in this quarter as revenues and profits were adversely affected by demonetisation during the corresponding quarter last fiscal year. This is especially true for auto, cement, and consumer goods.

The combined net profit of Nifty 50 companies is estimated to grow by 15.4 per cent on year-on-year basis during the third quarter of FY18 against 16.4 per cent yoy growth

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