Dalal Street www.purnartha.com

Dalal Street to Wait Longer for Corporate Earnings Growth

India News

Dalal Street www.purnartha.comDalal Street’s wait for a recovery in corporate earnings growth seems to have got delayed further. The country’s top listed companies are expected to deliver flat growth in profit and a decline in revenue. However, this is an improvement over the September quarter, when the combined net profit of the Nifty 50 companies showed a 2.8 per cent decline over the same period a year before. And, combined net sales are expected to decline by 2.8 per cent, better than the 6.1 per cent drop in the previous quarter. The analysis is based on earnings estimates by top brokerages. These include HSBC Securities, Centrum, Kotak Institutional Equity, Edelweiss, Religare, Emkay Global, IIFL and Motilal Oswal. If the estimates are true, it will be the sixth quarter of a fall in revenue for Nifty companies and the sixth one of either a decline or low single-digit growth in their combined net profit.