High costs due to West Asia war to hit Nifty 50 Q4 PAT growth
Analysts expect high costs to hit the earnings growth of companies in the March quarter, an otherwise better quarter that saw improvement in revenue growth. The US-Iran conflict pushed gas prices higher and interrupted the supply of key raw materials, which is likely to have resulted in higher costs for companies, brokerages said. The 49 constituents of the Nifty 50 index for which estimates were available are likely to report a cumulative net profit growth of just over 3% for the March quarter over the same quarter last year, according to an Informist poll of 16 brokerages. The latest quarter's earnings estimates were compared with the year-ago figures of adjusted net profit, which exclude exceptional items. Earnings estimates were not available for Adani Enterprises Ltd.