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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.

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