Q2FY22 Earnings Preview - Focus On Recovery: Dolat Capital
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Dolat Capital Report
The Q2 FY22 earnings season kicks off in a far more conducive environment verses last sequential quarter – economy is reopening and showing robust trajectory and corroborated macro data.
The vaccination surge across states has contained the third wave, at least till now, and given enhanced confidence for services to go full open.
The concerns however continue around the global factors led by U.S. debt ceiling raise, the stimulus spending quantum and the Fed stance on ‘transitory’ inflation surge.
Our coverage universe (177companies, excluding banks) is projected to grow 21% on the revenues and 35% on the operating profits.
The growth numbers are materially influenced by the base effect of last year, which did have reopening but not as wide as this Q2.
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