Corporate Earnings Review - Encouraging Q3,  Broad Based Recovery Under Way: ICICI Direct
An electronic chart shows the performance of the Ibex 35 index during the last twelve months. (Photographer: Antonio Heredia/Bloomberg)

Corporate Earnings Review - Encouraging Q3,  Broad Based Recovery Under Way: ICICI Direct

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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.

ICICI Direct Report

Corporate earnings further gained momentum as economic activity rebounded in the post Covid-19 unlocking era with optimism fuelled by the festive season.

Q3 FY21 earnings staged an impressive show and were broadly ahead of estimates as corporates continue to benefit from lower raw material costs and realised leaner cost structures.

Management commentary was enthused by the recent growth oriented Union Budget by the central government with conducive macro-economics supporting healthy growth prospects, going forward.

Click on the attachment to read the full report:

ICICI Direct EarningsWrap Q3FY21.pdf

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