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.
Motilal Oswal Report
Overall corporate earnings for Q3 FY22 came in-line with our expectations. However, sectors reported a wide divergence as autos, cement, consumer staples and durables, specialty chemicals, healthcare and metals were impaired by sharp raw material inflation.
Banking, financial services and insurance was the standout sector in this quarter aided by improvements in loan growth and disbursements, while asset quality improved sequentially propelled by moderation in slippages as well as healthy recovery and upgrades.
IT services saw another quarter of robust U.S. dollar revenue growth (up 4.6% QoQ), while the deal pipeline remained healthy and hiring momentum offered further visibility on demand.
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