Page 17 - India Inc Earnings

How did India Inc fare in Q2FY23?

The September quarter corporate earnings season is near its end with select pockets firmly outshining the weak global outlook, while others lagging behind. How did India Inc fare in Q2FY23?

India Inc's Q2 profit may fall on commodity price pressures: Report

India Inc is expected to report a three per cent year-on-year decline in profits for the July-September period, a report said on Wednesday. This fall in profitability will be the fourth straight quarter of the decline in profits for the listed companies, rating agency Crisil's research wing said. "Profitability...is seen declining 300 basis points (bps) due to elevated commodity prices," the report, based on research of 300 companies from 47 sectors, said. "Rising revenue momentum is not translating into profit margin proportionately," Crisil Research's associate director Sehul Bhatt said. The revenues are expected to rise by 15 per cent during the quarter when compared to the year-ago period, the report said, attributing it to moderate price hikes and steadily rising volumes. It can be noted that starting earlier this week, major companies have been reporting their earnings for the July-September period. On a sequential basis, that is when compared with the performance in Q1, th

Top Headlines: Run-up to Budget 2023-24, India Inc's Q2 earnings, and more

The July-September quarter (second quarter, or Q2) of 2022-23 (FY23) could mark the end of the period of an unprecedented rise in India Inc's earnings in the aftermath of the pandemic

'Investors are building all data points into their market assessment'

Ajay Argal of Franklin Templeton believes that any change in stance to lower the pace or the quantum of rate hikes could provide an interim positive trigger for the markets.

Top Headlines: Stricter framework for FPI owners, India Inc's capex, & more

The Securities and Exchange Board of India (Sebi) is mooting a stricter framework for identifying "beneficial owners (BOs)" of foreign portfolio investment (FPI) in the country

Input cost hike compresses India Inc's margin by 213 bps in Q1: Report

India Inc saw a 39 per cent jump in top lines during April-June quarter but their operating margins declined 213 basis points to 17.7 per cent due to input cost inflation, a report said on Monday. While companies passed on higher input costs in the form of commodity and energy cost, leading to revenue growth, the same led to margin compression, rating agency Icra said in a note based on the analysis of 620 listed companies, excluding financial sector entities. Margin compression was attributed to the supply chain disruptions triggered by the war in Ukraine. The report expects margins to recover from the second half. The sample 620 companies reported an aggregate revenue growth of 39.1 per cent on-year in the June quarter, which was optically aided by the low base of the previous year impacted by the second wave of the pandemic. Another major reason for the massive growth is price hikes across several sectors, the agency said. But sequentially, the top line grew by 1.5 per cent and

Top Headlines: India Inc's profits fall; the Big Bull bows out, and more

Corporate earnings grew in double digits during the April-June 2022 (Q1FY23) quarter but the momentum waned

Top Headlines: RBI reverses Covid-era cuts, bond yields surge, and more

The six-member Monetary Policy Committee (MPC) of the RBI hiked the policy repo rate by 50 basis points to 5.4 per cent - a three-year high - owing to inflation concern

Top Headlines: Inflation impact on India Inc profit, new SEZ law, and more

The early-bird results for the April-June 2022 quarter hinted at a decline in earnings, even as corporate revenue continued to grow at a fast clip

Q1 early-bird results show inflation effect on India Inc's profits

First sequential contraction in corporate earnings after 4 quarters of expansion

'India Inc staring at 3rd consecutive qtr of profit margins squeeze in Q1'

India Inc is staring at the third consecutive quarter of a year-on-year drop in profit margins for the April-June 2022 period, a Crisil Ratings arm said on Monday. Operating profit margins have likely fallen by 2-3 percentage points for the June quarter as compared to the year-ago period, Crisil Research said after analysing 300 companies excluding those from financial services and oil and gas sectors. It said almost half of the 47 sectors it tracks are likely to show a contraction in margins. Corporate revenues are estimated to have logged a healthy growth of 30 per cent on-year in the first quarter, largely supported by price hikes and moderately rising volumes, it said. The rating agency estimates come ahead of earnings for the June quarter by a majority of companies, which come amid adverse events like the impact on commodities because of the geopolitical tensions and depreciation in the Indian rupee to record lows. Operating profit margins in construction-linked sectors are ..

TCS Q1 revenue may rise up to 16% YoY, say analysts. What brokerages expect

Analysts expect EBIT margin to decline sequentially due to higher retention costs, wage revision, and increased travel costs. They peg margins in the range of 100 to 150 basis points (bps).

'Long-term capital gains tax relief will be a game-changer for the markets'

Retail investors in India are by default optimistic. They are strong believers in the long-term story of India, and rightly so, says Sandeep Bhardwaj of IIFL Securities.

Q1FY23 Preview: Banks to outshine, metals may disappoint, say analysts

Amid weakening consumer confidence and flaring inflation, analysts say that the corporate earnings this quarter will be a mixed bag, with select pockets like banks being the frontrunners.

Hiring CEOs becoming difficult after huge pay hike in FY22, says new report

Infosys CEO Salil Parekh saw his total pay jump by 43% to Rs 71.02 crore, the company's annual report showed

5 reasons why BofA Securities has cut year-end Nifty target to 14,500

Clarity on macro and monetary policy outlook in the US/India, it said, is the silver lining that could see markets bottom out by August/September 2022., it said

India Inc's capital expenditure slows despite jump in net profits

Investment in fixed assets up just 2.3% in FY22 despite 63.5% growth in earnings

India Inc's profits rise 28% in March qtr, banks contribute the most

If one considers net profit after excluding financials, then growth falls to 19.1 per cent, lower than the 21.3 per cent in December

Early bird Q4 results hint at slowdown for India Inc in upcoming quarters

Though sales surged 15.1% YoY in Q4, the growth was slower sequentially

India Inc likely to see robust Q4 nos despite input cost pressure: Analysts

The next two quarters, according to analysts at Motilal Oswal Securities, are likely to see a sharp margin impact and corporate commentaries will worsen before they get better