April 8 2024
“Earnings growth momentum is slowing as revenue growth (moderates) and falling raw material benefit already (retained) in previous quarters. Equirus Universe will report 6 per cent and 4 per cent Y-0-Y growth in Ebitda and net profit driven by growth across sector in (the) domestic market whereas cyclical sectors remain weak,” wrote analysts at Equirius Research. Analysts at Motilal Oswal Financial Services wrote:
“We estimate Motilal Oswal universe and Nifty earnings to grow 6 per cent Y-o-Y each in (Q4FY24). Margin tailwinds are likely to narrow due to a high base. Earnings growth is expected to be weighed down by global cyclicals, such as oil & gas and mining and metals, which are anticipated to decline 6 per cent and 12 per cent Y-o-Y, respectively.”
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