Banks, automakers likely to lead earnings growth in Q4
Mint Mumbai|April 10, 2023
Manufacturing firms are likely to face continued margin pressure due to a rise in input costs
Banks, automakers likely to lead earnings growth in Q4

Earnings growth in the March quarter is projected to be led by banks and automakers, with revenue growth anticipated to outpace profit growth, as in the preceding three months. Earnings estimates analyzed by Mint for 37 of the Nifty 50 companies, excluding banking and financial services, show revenue will grow 11.4% from a year earlier, while profit growth is projected to be significantly lower at 4.2%. However, net profit growth for Nifty-50 companies, including banking and financial services, is projected to grow at 10.7% in the March quarter, underscoring the role played by banks in driving overall earnings growth.

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