Results preview: Non-financial companies stare at tepid Q3 earnings

But Nifty50 firms' combined earnings expected to grow 10.5% YoY

Led by a sharp rise in the earnings of banks, the 50 companies comprising the Nifty are expected to report 10.5 per cent year-on-year (YoY) growth in their combined earnings during the October-December quarter (Q3FY23) as against just 1.7 per cent increase in the second quarter.

Brokerages, however, expect a tepid quarter for non-financial companies. The combined net profits of the index companies excluding banks, financial services, and insurance (BFSI) are expected to grow just 2 per cent Y-o-Y in Q3FY23, an improvement from the 12.7 per cent Y-o-Y decline in Q2FY23 but lower than the 27.6 per cent Y-o-Y growth