Nifty 50: Nifty 50 companies may register 21% growth in June quarter earnings on a lower basis


Mumbai: nifty 50 The companies are likely to register year-on-year (YoY) growth of 32% and 21% Revenue And profitsrespectively, on the back of the low base in the June 2022 quarter (Q1), as per Analysts‘ Estimate. Excluding financial, telecom and commodities, revenue and profit growth is expected to come in at 22% and 16%, respectively.

According to data compiled by Antique Stock Broking, auto, energy, cement and consumption sectors will lead the growth in revenue in the June quarter, while healthcare, utilities and banks are likely to lag behind.

Cost pressure is visible across the board, leading to a decline of around 110 basis points. One basis point is 0.01%. Analysts believe that revenue The outlook for the current fiscal may turn slightly lower during the quarter due to macro challenges.

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Dhirendra Tiwari, Head of Research, Antique Stock Broking said, “The key macro trends impacting June quarter earnings are real GDP growth of 16.2 per cent on account of lower base and 7.5% inflation.” “The export-oriented sectors will benefit from depreciation of 4.7% p.a. during non-ferrous metals and upstream energy companies To take advantage of rising commodity prices. However, despite higher operating leverage, corporate margins are likely to suffer due to the above reasons.”

IT services companies, which are facing wage growth and supply-side pressures, are likely to post modest average revenue growth of 14% year-on-year and 3.3% sequentially in the quarter.


On the pharma front, Nirmal Bang expects most names to underperform in the domestic market on a year-on-year basis, but those with a bigger old presence like JB Chemicals.

And , should be relatively closed a lot better. According to PhilipsCapital, consumer electronics companies are expected to report revenue and earnings growth of 64% and 98%, respectively, with a low base and a CAGR of 10% and 12% over the past three years.

Fast-moving consumer goods companies, which have been hit by rising inflation, expect 18% growth in revenue and profit on the back of lower base and price hikes. Manufacturers of consumer durables may also post strong revenue growth on the back of strong RAC demand coupled with strong RAC demand, said a note by Antique Broking.

According to a forecast by Kotak Securities, auto companies that have seen chip shortage and commercial vehicle volumes are likely to see a 1% sequential decline in their revenues.


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