BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
120 companies in our universe and 34 Nifty companies have announced their results as of February 02, 2022. The companies that have reported their earnings so far comprise:
63% of estimated profit after tax for our universe,
69% of the estimated profit after tax for the Nifty,
57% of India's market capitalisation, and
82% weightage in the Nifty.
In the Q3 FY22 earnings so far, we have seen a wide divergence between sectors affected by rising raw material prices (consumer staples and durables, cement, auto, and metals) and those not directly impacted by rising prices (private banks, non-banking financial companies, and technology).
Most private banks have reported an improvement in asset quality, led by controlled slippages and healthy recovery and upgrades. Most tier-I IT companies reported strong topline growth and a robust deal pipeline driving strong sales growth. Rising prices and grammage reductions have impacted volumes in consumer staples, while rising raw material prices hit gross margin.
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