Corporate India may report weak revenue growth in Q4 FY09: analysts

Corporate India may report weak revenue growth in Q4 FY09: analysts
PTI
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First Published: Sun, Apr 12 2009. 11 29 AM IST
Updated: Sun, Apr 12 2009. 11 29 AM IST
New Delhi: Corporate India’s earnings for the last quarter of 2008-09 will under be pressure with most companies reporting weak numbers in the wake of global liquidity squeeze, falling demand and lower realisations, analysts said.
“India Inc will deliver one of its weakest earnings quarters when it reports its Q4 FY09 numbers. Repercussions of the pressure on global liquidity, tight monetary policies in the first half of 2008 and the consequent collapse in aggregate global demand for goods and services, will clearly be reflected in the earnings of companies,” domestic brokerage firm Angel Broking said in a report.
Elaborating on the factors which would keep the corporate earnings under pressure, Edelweiss Research in its fourth quarter earnings preview report said, “slowing economy, weak demand and lower realisation will keep earnings growth and profitability of Indian corporates under pressure in the near term.”
The BSE 30-Sensex companies would kick-start their fourth quarter earnings season with Infosys Technologies announcing their figures on Wednesday.
In an earnings preview for the 30-Sensex companies, Kotak Institutional Equities expects them to decline significantly in the quarter ended March as compared to the same period last year.
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First Published: Sun, Apr 12 2009. 11 29 AM IST