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Monday, September 26, 2022

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India Inc. On Call — Resilience Amid Multitude Of Challenges; Cost Pressures Exacerbate: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

In this report, we present the detailed takeaways from the 4QFY22 conference calls with various company managements, as we refine the essence of India Inc.’s ‘VOICES’.

– Overall corporate earnings for 4QFY22 came in line with MOFSL expectations, led by BFSI and Commodities. However, sectors reported a wide divergence as Autos, Cement, Consumer Staples and Durables, Specialty Chemicals, Healthcare, and Metals were impaired by sharp raw material (RM) inflation, impacting their operating performances adversely.

– BFSI was once again the standout sector in this quarter underpinned by improvements in loan growth and disbursements, while asset quality improved sequentially.

– IT Services saw another quarter of in-line performance, while the deal pipeline remained healthy and hiring momentum offered further visibility on demand.

Click on the attachment to read the full report:

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

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