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

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