Analysts expect muted YoY performance in Q2FY21 from India Inc

As regards the financial sector, analysts at Credit Suisse expect the management commentary on asset quality to turn more positive given a recent pick-up in collections

As the market gears up for Indic Inc to unveil its operational and financial performance for the second quarter of fiscal 2020-21 (Q2FY21) this week, most analysts expect a healthy rise in profit after tax (PAT) and revenue on a sequential basis. While the first quarter of the current fiscal (Q1FY21) was marred by the stringent nation-wide lockdown to stem the spread of Covid-19, Q2FY21 numbers will appear optically better on a sequential basis as economic activity gradually resumed between July – September 2021 and businesses emerged from lockdown.

“Sequentially, we expect profit of BSE-30 Index and Nifty-50 Index to