Mar quarter earnings season starts on muted note: Barclays

Bhuvnesh Singh, Barclays said the Q4FY15 earnings season started on a muted note with equal 'beats' & 'misses' to consensus EPS forecasts.

The 'misses' were led by the IT sector, which saw 3 'misses' out of 4 reporting companies while materials saw 2 'beats' out of 3 reporting companies, he added.

According to him, all sectors saw downward EPS growth revisions for FY15 and FY16 except energy, which saw an upgrade for its FY15 EPS growth estimate.

The BSE-100 EPS growth estimates are currently 8.5 percent for FY15 and 18.9 percent for FY16, Singh said.