Q3 Earnings Review - Big Beats And Upgrades: Motilal Oswal
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Q3 Earnings Review - Big Beats And Upgrades: Motilal Oswal

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Motilal Oswal Report

The Q3 FY21 corporate earnings season revved up from Q2 FY21, with big beats and upgrades reported across the Motilal Oswal Financial Services Ltd. coverage universe.

Sharp demand recovery was seen during the festive season – with the opening up of the economy and the number of Covid-19 cases being contained, coupled with continued cost-saving initiatives.

With an upgrade (more than 5%) to downgrade ratio (less than -5%) of 7:2, Q3 FY21 has been a blockbuster earnings season.

57% of the companies in our MOFSL coverage universe beat Q3 FY21 estimates, while 24% reported below-estimate results.

This has resulted in the second consecutive quarter of material upgrades for Nifty earnings per share.

Click on the attachment to read the full report:

Motilala Oswal Strategy Q3FY21 Earnings Review.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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