Soft Q1 earnings prompt downgrades to Nifty FY25 estimates. Here are key forecasts

Nuvama has downgraded Nifty earnings (EPS) by 2%, which is a drop after many quarters. Cyclicals such as autos, industrials and metals faced earnings cuts while earnings stabilised for IT and FMCG.

The Nifty EPS estimate for FY25 was cut 1.7% by the brokerage, largely owing to RIL, ONGC, and BPCL. The MOFSL Universe is likely to deliver sales/EBITDA/ PAT growth of 9%/9%/11% YoY in FY25.

Phillip Capital said, since last quarter, consensus EPS downgrades were more prevalent than upgrades for FY25 and FY26. For FY25, about 27 companies were downgraded in Nifty.

Despite the rising share of negative surprises, Emkay Global said consensus estimates remained rock-steady with both, FY25 and FY25 Nifty EPS estimates, remaining within a 1% band over the earnings season.

Kotak Equities expects net profits of the Nifty-50 Index to increase 8.5% (12.2%, excluding BPCL and HPCL through ONGC) in FY25. The Nifty EPS estimate for FY25 is pegged at Rs 1077.


(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)