Motilal Oswal mentioned, excluding the 2 corporations, internet revenue for Nifty50, as a pack, could develop 13 per cent YoY within the June quarter. Together with them, Nifty50 earnings for the quarter could rise 31 per cent YoY.
“These two corporations contribute 65 per cent to Nifty’s incremental earnings,” mentioned Motilal Oswal. The brokerage is anticipating gross sales for Nifty50 to develop at 35 per cent, Ebitda at 19 per cent and revenue earlier than tax at 29 per cent.
Kotak mentioned it sees Nifty50 revenue rising 27 per cent YoY however down 11 per cent sequentially. This brokerage mentioned
could report a 98.7 per cent YoY rise in internet revenue at Rs 24,390.60 crore on a 67.6 per cent YoY rise in internet gross sales at Rs 2,34,500 crore. It sees ONGC reporting a 235.20 per cent YoY rise in internet revenue at Rs 14,531.60 crore. Gross sales are seen rising 96.three per cent YoY to Rs 45,182 crore.
If not for the current imposition of windfall tax and export responsibility within the oil and gasoline sector, mentioned Motilal Oswal Securities, there might need been an earnings improve in FY23 EPS.
Amongst different brokerages, sees Reliance Industries’ Q1 earnings rising 89.eight per cent YoY to Rs 23,288 crore on a 61.2 per cent YoY rise in gross sales at Rs 2,25,590 crore. This brokerage anticipated 82 per cent YoY development in O2C Ebita, largely pushed by strong refining offset by modest petchem.
Edelweiss sees ONGC’s revenue surging 190.90 per cent YoY to Rs 12,611 crore. It sees revenues climbing 89.three per cent YoY to Rs 43,571 crore.
In the meantime, Emkay International mentioned Reliance ought to submit robust earnings development, led by O2C (refining bump-up) and upstream features. Retail also needs to proceed to witness restoration whereas Jio’s earnings can be led by
ARPU development, it mentioned, whereas pegging RIL revenue at Rs 25,504 crore, up 107.80 per cent.
Emkay sees ONGC’s quarterly revenue at Rs 13,541 crore, 212 per cent YoY.
(Disclaimer: Suggestions, options, views, and opinions given by the specialists are their very own. These don’t signify the views of Financial Occasions)
