The Policy & Reforms Paralysis after the uncovering of the Billion Dollar Scams under the Congress Led UPA Government is taking its toll on the earnings of Indian companies for the quarter ended March 2013.
MS analysts forecast earnings growth to be flat YoY for 119 MS-covered companies (ex-Oil PSUs) vs. 4% YoY growth in the QE Dec-12. They
expect Sensex companies to expand profits by 3%YoY against the 7%YoY growth in QE Dec-12.
Analysts expect the strongest earnings growth for private Energy, Healthcare and Consumer Staples, whereas Materials, Telecoms and
Industrials will probably see the biggest declines in earnings.
Coal India, Reliance Industries and HDFC Bank should see the fastest growth in earnings among the Sensex constituents, while Tata Steel and
Hindalco will likely see the sharpest falls.
Sensex Earnings to Slip in negative this Quarter as estimated by Kotak securities
The above Chart Shows Historical Earnings Growth of BSE Sensex for the Last 11 Years QoQ Basis.
