Page 33 - Corporate Earnings
IT stocks could underperform from here on
The fourth-quarter corporate earnings season began this week with TCS and Infosys announcing their results. What does the results of the country's top two IT companies signal for the industry?
 "IT stocks could underperform from here on")
Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon
Business Standard brings you the top headlines this morning
 "Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon")
Nifty companies likely to see 29% surge in Q4 corporate earnings
Rise in combined net profit likely to be led by banks, oil & gas companies, and Tata Motors
Will India Inc see robust Q4 despite input cost pressure?
Against a tumultuous start to the year, India Inc's March quarter results will start coming from next week. While earnings' prospects have been shrouded by several headwinds, can we expect a surprise?
 "Will India Inc see robust Q4 despite input cost pressure?")
India Inc likely to see robust Q4 nos despite input cost pressure: Analysts
The next two quarters, according to analysts at Motilal Oswal Securities, are likely to see a sharp margin impact and corporate commentaries will worsen before they get better
 "India Inc likely to see robust Q4 nos despite input cost pressure: Analysts")
An astonishing recovery
The rise in corporate earnings in FY21 was largely led by a handful of big companies in price-sensitive sectors such as metals and mining, and oil and gas.
 "An astonishing recovery")
Morgan Stanley cuts FY23 earnings forecast by 8%; lowers Dec Sensex target
In a bull-case scenario (30 per cent probability), Morgan Stanley expects the Sensex to hit 75,000 by December 2022-end and sees the 30-share index at 45,000 by the year-end in a bear case scenario
 "Morgan Stanley cuts FY23 earnings forecast by 8%; lowers Dec Sensex target")
Markets to consolidate over the next three-six months: Sampath Reddy
Despite the multiple COVID waves, the earnings for FY22 have not seen any significant downgrades and are on-course to deliver about 25 per cent growth
 "Markets to consolidate over the next three-six months: Sampath Reddy")
Global trends, inflation data, earnings to drive markets: Analysts
Last week, the 30-share BSE benchmark declined by 491.90 points or 0.83 per cent.
 "Global trends, inflation data, earnings to drive markets: Analysts")
Indowind Energy reports net loss of Rs 21.64 lakh in December quarter
Indowind Energy reported a consolidated net loss of Rs 21.64 lakh in the December quarter, mainly due to low revenue. The company had posted a consolidated net profit of Rs 61.02 lakh in the quarter ended December 31, 2020, a BSE filing stated. The total revenue of the company stood at Rs 4.22 crore in the quarter, compared to Rs 5.32 crore a year ago.
 "Indowind Energy reports net loss of Rs 21.64 lakh in December quarter")
Sensex can hit 100,000 mark in five years, believes Chris Wood
A similar view was shared by Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services, who suggested that Indian equity markets were on the cusp of a major bull-run
 "Sensex can hit 100,000 mark in five years, believes Chris Wood")
Early birds hint at subdued earnings growth in December quarter
Net profit up 10.4% YoY, growing at slowest pace in five quarters
 "Early birds hint at subdued earnings growth in December quarter")
Boom time for companies: What record profits may mean for govt's revenue
If much higher profits this year do not propel corporation tax revenue to a level higher than the FY19 peak, something must be wrong with corporation tax, writes T N Ninan
TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts
The focus will be on comments on CY22 client budgets, demand trends, supply side pressures and margin outlook.
 "TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts")
LG forecast to see record sales in Q4 on strong home appliance biz
LG Electronics has estimated that its fourth-quarter sales reached a record quarterly high, apparently backed by its strong home appliance business, but the operating profit is likely to sink
 "LG forecast to see record sales in Q4 on strong home appliance biz")
Samsung Electronics Q4 profit jumps on server chip demand, foundry margins
SEOUL (Reuters) -Samsung Electronics Co Ltd said on Friday its fourth-quarter operating profit likely jumped 52% on-year to its highest for the quarter in four years, helped by solid demand for server memory chips and higher margins in chip contract manufacturing.
 "Samsung Electronics Q4 profit jumps on server chip demand, foundry margins")
D-Mart reports 21.96% increase in revenue at Rs 9,065.02 cr in Q3
The company had revenue from operations of Rs 7,432.69 crore in the October-December quarter a year ago, Avenue Supermarts informed BSE in a regulatory filing
 "D-Mart reports 21.96% increase in revenue at Rs 9,065.02 cr in Q3")
Acquisitions, strong growth outlook likely to limit downside for Wipro
Prior to the recent rally, the stock had been an underperformer
 "Acquisitions, strong growth outlook likely to limit downside for Wipro")
US Fed's taper talk likely to keep the bulls in check on Dalal Street
This is expected to suppress valuations in India; decline in P/E may nullify gains from rise in corporate earnings
 "US Fed's taper talk likely to keep the bulls in check on Dalal Street")
Morgan Stanley sees Sensex at 70,000 level by December 2022
The research and brokerage house had recently downgraded India to equal-weight in their global emerging markets (GEMs) country portfolio.
 "Morgan Stanley sees Sensex at 70,000 level by December 2022")
