Earnings: Earnings fall faster with cost inflation, slack in demand

Jun 22, 2022 admin

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MUMBAI: Analysts are slashing corporate profit estimates as the impact of a sharp jump in raw material costs and Demand Who is expected to impact the slowdown in rural India? revenue in the next two quarters. downgrade Leading in earnings forecasts by analysts brokerage Have overtaken upgrades over the past four weeks. Of the companies in the Nifty 200 index, 30 have seen earnings decline in the past four weeks for FY23, while 19 have seen an upgrade.

Those downgraded by analysts include

Ramco Cement, , , , , , and among others.

“The fall in earnings is snowballing in line with the fall in economic forecasts due to higher commodity prices and aggressive monetary policy,” said Vinod Nair, head of research. “High inflation Disposable income is shrinking, impacting demand especially for discretionary products and services, so the pinch has begun. Several sectors are facing volume and demand pressures due to continuous price hike.”
Among sectors, oil and gas, healthcare, public sector banks and consumer durables saw the biggest decline in income. The earnings per share estimate for the Nifty has increased by 0.12% to 882 in FY13. In FY22, Nifty gave an EPS of ₹733, a year-on-year growth of 35.2%, the highest since FY04. Metals, cement, specialty chemicals, consumer durables, oil and gas, and healthcare reported a decline in gross margin between 240 and 1,030 basis points in the March quarter due to cost pressures.

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