Q4 Interim Earnings Review - In-Line; Corporate Commentaries Turning Cautious: Motilal Oswal

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Motilal Oswal Report

78 Motilal Oswal Financial Services Ltd. universe and 27 Nifty companies have announced their results as of May 10, 2021.

Companies that have reported earnings thus far comprise:

1. 50% of estimated profit after tax for our universe,

2. 58% of estimated profit after tax for the Nifty,

3. 53% of India's market capitalization, and

4. 75% of the Nifty 50 index weight.

The Q4 FY21 earnings season has maintained the momentum of the Q3 FY21 results season.

Nifty profits for the 27 companies that have posted their results have grown 50% YoY (versus expectations of 49% growth).

On the other hand, for the 78 companies in our universe, profit growth stood at 47% YoY (versus expectations of 51% growth).

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