Economy

Nifty 50: Select companies from auto, finance, IT, oil & gas sectors to lead Q1 show

All-India average cement price rose by 5.7% year-on-year to ₹390 per 50 kg bag in the June 2022 quarter.

Synopsis

The aggregate revenue of the sample is expected to grow by 37.2% year-on-year for the June quarter according to the ETIG estimates. It will be the sixth quarter in a row for a double-digit topline growth. Net profit is likely to grow by 43.6% on top of a sharp near three-fold jump in the year-ago quarter owing to a low base in June 2020 quarter which was severely affected by the first Covid wave.

Mumbai: Nifty 50 companies are expected to report year-on-year double-digit growth in aggregate revenue and net profit for the June quarter led by select companies from sectors including auto, banking and finance, IT, and oil and gas. However, operating profitability may shrink amid input cost inflation. Analysts expect macroeconomic challenges including cost inflation and weakening rupee to weigh on corporate performance in the coming

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