Q1 FY23 Review - Heavyweights Weigh On Earnings; Decent Spread Performs A Balancing Act: 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..Motilal Oswal Report.Corporate earnings in Q1 FY23 missed expectations after several quarters. A few cyclical heavyweights led the aggregate miss even as spread of the earnings and accompanying corporate commentaries were good. Healthy monsoons and a normal festive season after two years should augur well for the consumption oriented sectors. However, growth is still lopsided and is being fueled by banking, financial services and insurance. As the benefit of the recent moderation in commodity cost starts to accrue in H2 FY23E, we expect other sectors such as consumer, autos and cement to contribute too. Most of the banks have guided for a sustained recovery in growth momentum propelled by continuous traction in retail, business banking and small and medium enterprise segments. Corporate segment growth too is likely to accelerate gradually, primarily driven by working capital loans while revival in capex is likely to occur over H2 FY23E..Click on the attachment to read the full report:.DISCLAIMERThis 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..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Q1 FY23 Review - Heavyweights Weigh On Earnings; Decent Spread Performs A Balancing Act: Motilal Oswal

Q1 FY23 Review - Heavyweights Weigh On Earnings; Decent Spread Performs A Balancing Act: Motilal Oswal

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