ECONOMY

Q1 Interim Earnings Review – In-Line; Management Commentaries Indicate Recovery Is Setting In: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

108 our universe and 31 Nifty companies have announced their results as of July 31, 2021.

The Q1 FY22 earnings season has been in-line, benefitting from the lower base of Q1 FY21, as lockdowns in Q1 FY22 were localised and less stringent versus Q1 FY21.

Nifty profits for the 31 companies that have posted their results have grown 70% YoY (versus expectation 64% growth).

On the other hand, for the 108 companies in our universe, profit growth stood at 71% YoY (versus expectation 70% growth).

Among the sectors, cement, metals, healthcare, and oil and gas have outperformed; autos, non banking financial company, and capital goods have underperformed; and the performances of IT, consumer, and private banks have been in line with expectations.

Click on the attachment to read the full report:

Motilal Oswal India Strategy.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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