Q1 FY23 Review - Earnings Muted Despite Price Hikes: KRChoksey

Q1 FY23 Review - Earnings Muted Despite Price Hikes: KRChoksey

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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.

KRChoksey Research Report

Earnings take a hit owing to higher input costs impacting the margins for the companies.

Oil and gas, automobiles and consumer sector were the worst hit sectors in Q1 FY23, whereas banking, financial services and insurance sector stands out owing to strong business momentum and lower provisions giving a boost to earnings.

The quarter witnessed a revival of the capex plans across the sectors. Reserve Bank of India hiked its core rates by 90 basis points owing to higher inflationary pressure during the quarter. Geopolitical risks continue to hit the earnings.

Click on the attachment to read the full report:

KRChoksey Research Q1FY23 Consolidated Deck.pdf
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