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.
Axis Securities Report
Q3 FY22 is expected to be another strong quarter after satisfactory performance in Q2 FY22. We expect our coverage universe to register revenue/Ebitda/profit after tax growth of 25%/16%/33% respectively.
Even after adjusting for significant write-offs seen in the telecom industry in the base quarter, the earnings growth compresses to still-robust 23%. The growth would be led by encouraging performance by metals, banking, and oil and gas, among others.
Over the last year, the metals sector witnessed a sharp uptick in profitability with the Q2 FY22 quarter showcasing peak spreads. However, Q3 FY22 is likely to see a reduction of spreads and decline in profitability on a QoQ basis, though the sector will continue to perform quite well.
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