1. Preparing for the weak end

Preparing for the weak end

Markets are bracing for another round of weak corporate numbers as the latest earning season makes an offset next week...

By: | Mumbai | Published: April 11, 2015 1:33 AM

Markets are bracing for another round of weak corporate numbers as the latest earning season makes an offset next week, reports fe Bureau in Mumbai. Most see India Inc to perform poorly for another quarter with both revenue and earnings growth expected to remain flat or decline on an annualised basis. Kotak Institutional Equities sees flat Sensex earnings for the last quarter of 2014-15 (up 0.1% y-o-y) and expects energy, metals & mining, and industrials to pull down the aggregate earnings while banking, consumer goods, pharma and telecom companies lead the quarterly earnings performance. Excluding banks, domestic brokerage sees benchmark earnings contracting 7.8% versus the same period last year, the steepest decline since the December 2008 quarter.

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