Earnings season comes against the backdrop of a slowing economy characterised by weak consumer demand and modest increases in investments.
Among the key factors that would have influenced the financial results of businesses for the three months to December are the sales in the festival season, the depreciation in the currency and the sharp slowdown in loan growth.
Net profits for the Nifty 50 companies are tipped to grow at 9% y-o-y on the back of a 4.3% rise in revenues, according to Kotak Institutional Equities (KIE). For the BSE 30 set of companies, net profits are estimated to increase by 7.2% y-o-y on the back of a rise in sales of 5.7% y-o-y. Operating profits for both sets of companies are expected to grow slower than the net profits, suggesting that the bottom line would be boosted by other income.
Esta historia es de la edición January 09, 2025 de Financial Express Mumbai.
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