India Inc Q1 earnings likely to disappoint street again
All eyes are set on the earnings season to be kickstarted by IT bellwether Infosys announcing its numbers on July 12. (See Results Calendar). Market investors too are waiting for the first quarter results of FY12 which may trigger the market.
July 08, 2011 / 08:55 IST
All eyes are set on the earnings season to be kickstarted by IT bellwether Infosys announcing its numbers on July 12. (See Results Calendar). Market investors too are waiting for the first quarter results of FY12 which may trigger the market.
However, the mood is not so upbeat. Experts feel that India Inc is likely to post moderate growth in June 2011 quarter. According to most estimates, net profit of the companies may be under pressure on lower operating margins.According to an Angel Broking report, Sensex companies are likely to maintain strong top-line growth momentum with projected growth of 21.8% YoY in sales. However, it added, profit growth is expected to be lower at 14% (YoY) mainly on the back of lower operating margins, which are expected to contract by 124 basis points (YoY) during the quarter. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
