Jefferies’ coverage universe of domestic companies reported a 30% YoY growth in fourth-quarter earnings, led by a strong financial performance. Meanwhile, revenue growth remained at mid-teen levels during the quarter. The brokerage is bullish on cyclicals, citing over 40% growth in property sales and cap-good order flow. Following the quarter, Jefferies raised FY24 estimates for 45% of 136 companies, while 51% were downgraded. Banks reported a 46% growth in earnings, while autos and pharma firms also saw positive results. However, IT firms had a weak quarter, with significant revenue misses and weak guidance for FY24 revenues.
The CEO’s Playbook: Top 6 strategic leadership lessons inspired by cricket
Girish Kousgi, MD & CEO of PNB Housing Finance, believes that cricket is more than a game—it’s a way of life that closely mirrors leadership.
June 22, 2025