Q4 Earnings Review - Recovery Continues But Caution Ahead: KRChoksey

Stock market movements shown on an electronic display in Japan. (Photographer: Kiyoshi Ota/Bloomberg)

Q4 Earnings Review - Recovery Continues But Caution Ahead: KRChoksey

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.

KRChoksey Research Report

There was broad based economic and earnings recovery across sectors with companies operating at almost full throttle, supported by lower Covid-19 cases in January and February.

Optimism around vaccination program facilitated positive sentiments as the benchmark indices touched new highs on the back of strong earnings growth going forward.

However, the emergence of the second Covid-19 wave in the second half of March may negatively affect earnings in Q1 FY22.

Increasing prices of raw materials resulted in pressure on operating margins, particularly in the consumer and automotive sectors.

The second wave of Covid-19 and record increase in cases has brought the focus back on pharmaceutical companies, similar to what happened last year.

Click on the attachment to read the full report:

KRChoksey Research Q4FY21 Consolidated Deck.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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.