Adani Enterp. 2492.15↓-1.20(-0.05%)
Adani Ports 732.05↓-6.80(-0.92%)
Apollo Hospitals 4814.25↑192.30(4.16%)
Asian Paints 3240.70↑47.75(1.50%)
Axis Bank 919.70↑4.85(0.53%)
B P C L 364.55↑1.05(0.29%)
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Coal India 230.35↓-10.90(-4.52%)
Divi's Lab. 3525.40↑81.80(2.38%)
Dr Reddy's Labs 4552.05↑51.00(1.13%)
Eicher Motors 3716.05↑44.10(1.20%)
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H D F C 2646.70↑6.30(0.24%)
HCL Technologies 1141.90↓-3.20(-0.28%)
HDFC Bank 1604.00↓-6.85(-0.43%)
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Hero Motocorp 2800.40↑40.50(1.47%)
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Infosys 1319.50↑1.20(0.09%)
ITC 439.70↓-5.80(-1.30%)
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NTPC 174.40↑0.55(0.32%)
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Power Grid Corpn 233.00↓-0.85(-0.36%)
Reliance Industr 2463.25↓-6.65(-0.27%)
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St Bk of India 582.75↑2.90(0.50%)
Sun Pharma.Inds. 987.70↑12.35(1.27%)
Tata Consumer 793.65↓-5.00(-0.63%)
Tata Motors 535.20↑8.90(1.69%)
Tata Steel 105.95↑0.15(0.14%)
TCS 3324.00↑34.50(1.05%)
Tech Mahindra 1120.80↑5.25(0.47%)
Titan Company 2827.25↑4.00(0.14%)
UltraTech Cem. 7842.80↓-27.25(-0.35%)
UPL 677.95↓-7.15(-1.04%)
Wipro 407.15↑3.50(0.87%)

Corporate earnings: Why FY19 may be 11th straight year of missed estimates

High crude oil prices, interest rate hikes, dearer rupee, and elevated commodity prices to weigh on India Inc's profits

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Last Updated : Oct 29 2018 | 7:02 AM IST

In yet another disappointment for investors, the current fiscal year may end up with lower than estimated earnings for the Indian corporate sector.

According to the data, 2018-19 (FY19) is likely to be the 11th consecutive year of the S&P BSE Sensex earnings falling short of the consensus estimates. The last time the actual Sensex earnings came ahead of estimates was in 2007-08.

The bigger worry is that the miss for FY19 is likely to be significant even after assuming macro factors such as crude oil prices, rupee, input costs, and interest rates, do not worsen from the current levels.