Q3 FY23 Results Preview - Stem The Game: 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.India displayed remarkable resilience and outperformed global markets handsomely despite remaining almost flat (Nifty up 4%) in CY22. Buoyant corporate earnings and the highest ever domestic equity inflows ($32.2 billion) underscored the outperformance. It was a challenging year on macro front with inflation, interest rate hikes and geopolitics driving the narrative considerably. The intent of the global central banks to increase interest rates aggressively to curb inflation and slow down growth seems to have started playing out, as evident in economic growth contraction across countries worldwide. Indian markets also exhibited divergent trends with Nifty Bank Index being up 21% and Nifty IT index being down 26% in CY22.We expect our universe earnings to rise 8% YoY while Nifty earnings are likely to grow 14% YoY in Q3 FY23. Corporate earnings growth would be led by banking, financial services and insurance, auto and technology. BFSI is expected to drive 114% of incremental YoY earnings growth for our universe in Q3 FY23. Sales and Ebitda of our universe are likely to grow 14% and 8%, while for Nifty, we expect sales and Ebitda to rise 15% and 13%, respectively..Click on the attachment to read the full report:.Q3 FY23 Results Preview - Margins Likely To Expand; Demand Commentary Remains Critical: 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 - Stem The Game: Motilal Oswal

We expect our universe earnings to rise 8% YoY while Nifty earnings are likely to grow 14% YoY in Q3 FY23.

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