Result preview: India Inc's show likely to fail to dazzle in Q2FY24

Brokerages see profit growth at 19.6%, slower than Q1

India’s corporate sector is likely to report a slowdown in revenue growth and earnings for the July-September 2023 period (Q2FY24), according to earnings estimates by brokerages, after the country’s top listed companies posted higher than expected profits for the first quarter.

The combined net profit of Nifty50 companies, based on brokerage estimates, is expected to have grown by 19.6 per cent year-on-year (Y-o-Y) to Rs 1.75 trillion in Q2FY24 — a sharp deceleration from 37.6 per cent Y-o-Y growth in the combined earnings of index companies in the April-June 2023 period.

According to estimates, the combined earnings in the second quarter would