Q3 FY23 Results Preview - Margins Likely To Expand; Demand Commentary Remains Critical: Axis Securities

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. .Axis Securities Report.We expect the Q3 FY23 earnings season is likely to be a mixed bag. While the season will be led by sequential margin expansion driven by moderation in commodity prices and an uptick in credit growth, the export-oriented themes are likely to be laggards. We believe the broad-based earnings momentum which remained robust for multiple quarters is likely to take a brief pause in Q3 FY23. Based on our consensus estimates, we forecast Nifty to deliver revenue/Ebitda/profit after tax growth of 15%/9%/8% respectively on a YoY basis. Furthermore, excluding oil and gas and metals, Nifty revenue/Ebitda/profit after tax is expected to grow by 17%/17%/22% respectively over the same period..Click on the attachment to read the full report:.IT, Telecom Q3 Results Preview - Demand Slowing Down; Margins Remain Stable: Axis Securities.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.

Q3 FY23 Results Preview - Margins Likely To Expand; Demand Commentary Remains Critical: Axis Securities

We expect the Q3 FY23 earnings season is likely to be a mixed bag.

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