India Inc Q4: Some 60% of firms lag profit estimates
According to a report by Motilal Oswal Securities Ltd (MOSL), overall profit after tax (PAT) growth has been below its estimates till now, largely dragged by Axis Bank. The report said the Q4 earnings season has been broadly in line with expectations in terms of revenue. “We expect the performance of corporate-focused private banks and PSU Banks to drag the aggregates in fourth-quarter,” it said. Approximately, 72% of 67 MOSL coverage companies have reported Ebitda either in line or above the estimates.
The fourth-quarter results season is turning out to be another damp squib with most companies that have announced results so far falling short of the analyst estimates. Image source: Reuters