The brokerage earnings estimate for the JanuaryMarch 2024 quarter (Q4FY24) for Nifty 50 companies hints at a slowdown in corporate profit growth while revenue increase is likely to be in low single digits as in the previous two quarters.
According to various brokerage estimates, the companies' combined net profits are expected to grow 3.1 per cent year-on-year (Y-o-Y) in Q4FY24, the slowest in the last five quarters. For comparison, the index companies' combined net profits were up 8.2 per cent Y-o-Y in Q3FY24 and 3.4 per cent Y-o-Y in Q4FY23.
The companies are expected to report combined net profits of ₹1.87 trillion in Q4FY24, as against ₹1.76 trillion in Q3FY24 and ₹1.82 trillion in Q4FY23.
Denne historien er fra April 09, 2024-utgaven av Business Standard.
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Denne historien er fra April 09, 2024-utgaven av Business Standard.
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Indians prefer credit over debit card for high-value payments
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An Indian anthropologist ahead of her time
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