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Telecom, energy sectors see sharpest earnings cut after Q1

The Nifty earnings per share (EPS) is estimated to grow 9 per cent year-on-year to Rs 785 in FY23, against an earlier expectation of 13 per cent growth to Rs 820

Telecom, energy sectors see sharpest earnings cut after Q1
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Samie Modak Mumbai
The April-June quarter of 2022-23’s (FY23’s) earnings season has wrapped up. Subsequently, the benchmark Nifty has seen only a marginal cut in its FY23 and 2023-24 (FY24) earnings estimate, but telecommunications (telecom) and oil and gas sectors have seen sharp cuts.

The Nifty earnings per share (EPS) is estimated to grow 9 per cent year-on-year to Rs 785 in FY23, against an earlier expectation of 13 per cent growth to Rs 820.

Meanwhile, FY24 earnings estimates are revised downwards, marginally from Rs 935 to Rs 925.

The FY23 EPS for telecom stocks has been revised downwards by 27 per cent, while that of

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First Published: Aug 29 2022 | 6:05 AM IST

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