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.
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