 "Earnings preview: Second Covid wave, higher input cost set to weigh on Q1")
Lower sales volume due to the second wave of the Covid-19 pandemic and higher commodity and input costs are likely to weigh on corporate revenue and profits in the April-June quarter of 2021-22 (Q1FY22). The companies in the cyclical sectors, such as banks, non-banking financial companies (NBFCs), oil and gas and metal, and mining, are again expected to do much better than the other segments.
The combined net profit of Nifty50 companies is expected to decline 10.1 per cent quarter-on-quarter (QoQ) in Q1FY22, while their combined net sales are expected to decline 14 per cent QoQ during the quarter.
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