46 companies may report double-digit Q2 profit declines
In short
At least 46 companies are expected to post double-digit profit falls in Q2. One broker still sees 22% earnings growth for its coverage universe.
Autos, cement, healthcare, consumer and capital goods are among the weak spots. The reporting does not say which companies will be hit most.
What the reporting says
At least 46 companies are expected to report double-digit profit declines in Q2, according to publisher summaries. Motilal Oswal still projects 22% earnings growth for its coverage universe, but autos, cement, healthcare, consumer and capital goods are under pressure. The reporting does not name the 46 companies or give a sector-by-sector tally. The immediate takeaway is an uneven September-quarter earnings recovery.
Why it matters
At least 46 companies are expected to report double-digit profit declines in Q2, even though Motilal Oswal projects 22% earnings growth for its coverage universe. The pressure is said to be showing up in autos, cement, healthcare, consumer and capital goods, highlighting a mixed September-quarter recovery. The reporting does not identify the companies or the exact profit declines, so the scale of the weakness remains uncertain.