 "q1 results, earnings, companies, india inc, corporate")
India’s top listed companies are once again expected to report strong double-digit growth in earnings in the April-June quarter (first quarter, or Q1) of 2022-23 (FY23), thanks to a low base in Q1 of 2021-22 (FY22) and big jump in earnings of oil and gas majors like Reliance Industries (RIL) and Oil and Natural Gas Corporation (ONGC).
The index companies’ earnings are, however, expected to decline on a sequential basis due to weak demand, decline in commodity prices, and rise in interest rates.
According to various brokerage estimates, the combined net profit of index companies is expected to grow 32.8 per cent
