Corporate Earnings Review - Encouraging Q3,  Broad Based Recovery Under Way: ICICI Direct

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ICICI Direct Report

Corporate earnings further gained momentum as economic activity rebounded in the post Covid-19 unlocking era with optimism fuelled by the festive season.

Q3 FY21 earnings staged an impressive show and were broadly ahead of estimates as corporates continue to benefit from lower raw material costs and realised leaner cost structures.

Management commentary was enthused by the recent growth oriented Union Budget by the central government with conducive macro-economics supporting healthy growth prospects, going forward.

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