A decline in earnings estimates for companies following poor results

-


MUMBAI: Revenue estimates for the current financial year have been cut, with most companies disappointing in their results for the September quarter.

A private brokerage firm has cut its earnings estimates for the current fiscal year for 49 percent of the 147 companies it monitors. A report by the firm also said that the earnings per share of Nifty companies for the current financial year has been cut by 3.70 percent.

However, there has been no change in the earnings estimates for FY2024.

Another brokerage house said that the net profit of the companies in the Nifty-50 index is seeing an increase of 11 percent in the current financial year and 16 percent in the next financial year.

Modest growth in FY 2023 suggests a steep decline in profits in the commodity sector, with BPCL seeing huge losses. However, strong growth in profits in the auto and banking sectors may offset this decline slightly, the brokerage house said in a report.

Weak second-quarter results are reflected in cuts to our profit estimates for fiscal 2023 and 2024, the report added.

There are downside risks to earnings in cyclical sectors like auto and construction. There are also downside risks to export-oriented sectors such as IT services. As a result of inflation and high interest rates, consumption demand is likely to decrease.


Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more