Q3 Earnings Review: KRChoksey Sees Broad Based Sectoral Recovery
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With majority of businesses functioning normally after multi-phases of unlocking, there was broad based recovery across sectors, evident in growth in both the top-line and bottom-line.
Successful roll-out of Covid-19 vaccination program has further fueled optimism about sustainable and strong economic expansion in coming quarters.
The emphasis on infrastructure and capital spending in the union budget will facilitate job creation and increase demand within the economy.
Companies continued to focus on cost rationalization by maintaining travelling, sales and employee cost under control, resulting in growth in operating margins.
Rural sector continued to outperform, driven by growth in agricultural activity and government initiatives through rural programs.
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