Results preview: India Inc likely to report highly profitable Q4

Nifty50 firms may show 15.6% earnings growth, say brokerages; revenue growth to disappoint

Brokerages expect India Inc to report an upturn in earnings for the March quarter of 2022-23, after a relatively muted showing in the previous two quarters. This growth is expected to be led by banking, financial services and insurance (BFSI) companies, FMCG firms, and automobile makers.

The combined net profit of the Nifty50 companies (excluding Adani Enterprises) is expected to have grown 15.6 per cent to Rs 1.77 trillion in Q4FY23, from Rs 1.53 trillion a year ago. The index companies’ combined net profit was up 9.3 per cent year-on-year (YoY) in Q3FY23 and 1.4 per cent YoY in Q2FY23.

Brokerages, however,