BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
We expect Q2 FY22 earnings season to be strong on revenue growth on YoY basis but margin pressure to be there due to surge in costs across industries.
Economic indicators have been healthy and point to sustained pick up in the economic activity in Q2 FY22.
And thus we are not overtly concerned on the expected performance but yes growth rate could be plateauing from Q2 FY22.
Nifty 50 has delivered 13% return in Q2 FY22 driven by improved sentiment from vaccination pick up, policy announcement (production linked incentive, telecom, monetisation pipeline) and good rainfall.
We are entering the earning season on high note, and consensus is currently modeling Nifty 50 earnings per share to increase by 40%/11% YoY for FY22E/23E.
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