 "A man talks on phone at the National Stock Exchange as its new logo for for the benchmark Nifty50 is seen on a glass-wall, in Mumbai")
The July-September quarter (second quarter, or Q2) of 2022-23 (FY23) could mark the end of the period of unprecedented rise in India Inc’s earnings in the aftermath of the pandemic.
Most brokerages expect a contraction in corporate earnings and a moderation in revenue growth in Q2FY23 due to a combined effect of demand slowdown, decline in commodity prices, and margin contraction in sectors such as information technology services, fast-moving consumer goods, and cement.
According to various estimates by brokerages, India’s top 50 companies — that are part of the Nifty50 Index — are expected to report a collective net profit of Rs
