Q4 Interim Earnings Review - In-Line; Corporate Commentaries Turning Cautious: Motilal Oswal
Brokers monitor financial data on computer screens on a trading floor (Photographer: Jason Alden/Bloomberg)

Q4 Interim Earnings Review - In-Line; Corporate Commentaries Turning Cautious: Motilal Oswal

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.

Motilal Oswal Report

78 Motilal Oswal Financial Services Ltd. universe and 27 Nifty companies have announced their results as of May 10, 2021.

Companies that have reported earnings thus far comprise:

  1. 50% of estimated profit after tax for our universe,

  2. 58% of estimated profit after tax for the Nifty,

  3. 53% of India's market capitalization, and

  4. 75% of the Nifty 50 index weight.

The Q4 FY21 earnings season has maintained the momentum of the Q3 FY21 results season.

Nifty profits for the 27 companies that have posted their results have grown 50% YoY (versus expectations of 49% growth).

On the other hand, for the 78 companies in our universe, profit growth stood at 47% YoY (versus expectations of 51% growth).

Click on the attachment to read the full report:

Motilal Oswal India Strategy Q4 Interim Earnings Review.pdf

DISCLAIMER

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.

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