Analysts are scaling back earnings growth projections for Nifty 50 companies as the September 2024 quarter (Q2FY25) results season fell short of expectations.
The consensus earnings per share (EPS) growth forecast for the Nifty 50 has been slashed from 10 per cent to a modest 2.5 per cent, with analysts now predicting that index firms will close FY25 with an EPS of ₹1,000, marginally up from FY24's ₹977.
Just a month prior, the consensus FY25 EPS estimate was near ₹1,100.
FY26 EPS forecasts have also dropped, currently at ₹1,143 compared to the previous estimate of ₹1,244, though projections vary across brokerages.
So far, of the 27 Nifty companies that have come out with their Q2 results, 14 have missed estimates on both revenue and profit metrics.
This story is from the October 30, 2024 edition of Business Standard.
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This story is from the October 30, 2024 edition of Business Standard.
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