Q2 FY23 Results Review - Resilience Personified Amid Global Pandemonium: 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 for Q2 FY23 were better than our expectations, despite several headwinds, with financials driving the quarter once again. The spread of earnings has been decent with 66% of our universe either meeting or exceeding profit expectations. We reckon the upside from hereon will be a function of stability in global and local macros and earnings delivery. Management commentaries indicated margin pressure would likely to continue for another quarter, as the full benefits of commodity price alleviation will be seen in Q4 FY23. Technology sector saw good performance in Q2 FY23. Though companies have not seen any impact on the pipeline yet, a few companies noted small pockets of demand weakness led by ongoing macro headwinds, especially in retail, manufacturing and hi-tech. The companies’ strong order book and pipeline render comfort on near-term growth. For the consumer sector, overall performance in Q2 FY23 was majorly value driven as volumes remained subdued on a higher base. Rural India continued to deliver a weak performance, with no clear signs of recovery over the next few months..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.

Q2 FY23 Results Review - Resilience Personified Amid Global Pandemonium: Motilal Oswal

Corporate earnings for Q2 were better than our expectations, despite several headwinds, with financials driving quarter once again

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