Earnings estimates of India Inc see upgrade after strong Q3 results

Analysts at top brokerages raise FY21-FY23 estimates by 5-6%

Topics
India Inc earnings | Earnings growth | India Inc

Krishna Kant  |  Mumbai 

After a better-than-expected show by India Inc in the December 2020 quarter, there is more good news for investors and market participants. Even as corporate profits were already expected to grow at a robust pace in FY22 and FY23, the country’s top brokerages have now upgraded the earnings per share (EPS) estimates of big listed companies for FY21-FY23.

The quarterly net profit of the BSE200 companies reached a record high of Rs 1.67 trillion in the third quarter, and was up 57 per cent year-on-year. With this, India Inc has recovered most of the losses suffered during the ...

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First Published: Wed, March 03 2021. 06:10 IST
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