Earnings estimates of India Inc see upgrade after strong Q3 results

Analysts at top brokerages raise FY21-FY23 estimates by 5-6%

After a better-than-expected show by India Inc in the December 2020 quarter, there is more good news for investors and market participants.

Even as corporate profits were already expected to grow at a robust pace in FY22 and FY23, the country’s top brokerages have now upgraded the earnings per share (EPS) estimates of big listed companies for FY21-FY23.

The quarterly net profit of the BSE200 companies reached a record high of Rs 1.67 trillion in the third quarter, and was up 57 per cent year-on-year. With this, India Inc has recovered most of the losses suffered during the March 2020 and June