Earnings estimates of India Inc see upgrade after strong Q3 results

After a better-than-expected show by India Inc in the December 2020 quarter, there is more good news for investors and market participants. Even as corporate profits were already expected to grow at a robust pace in FY22 and FY23, the country’s top brokerages have now upgraded the earnings per share (EPS) estimates of big listed companies for FY21-FY23. The quarterly net profit of the BSE200 companies reached a record high of Rs 1.67 trillion in the third quarter, and was up 57 per cent year-on-year. With this, India Inc has recovered most of the losses suffered during the Ma.....

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