Cement, Auto, and Metals posted a YoY earnings decline while IT and O&G reported flattish YoY earnings for the quarter.As the benefit of the recent moderation in commodity costs start accruing in 2HFY23E, we expect other sectors to contribute too.As of 31st Jul’22, 31 Nifty stocks reported a sales/EBITDA/PBT/PAT growth of 29%/9%/15%/12% YoY respectively, single-handedly driven by BFSI. Of these, 12 companies each surpassed/missed our PAT estimates.
Q3 result sets stage for Tata Tech to finish the year well: Warren Harris
Tata Technologies secured four major contracts in Q3 and implemented salary increases, minimizing the 150 basis point impact. Despite a 1.5% decline in automated business,
January 22, 2025