Taking stock: Q1 operating earnings of Nifty cos 3% below estimates so far; IT, FMCG top laggards
Excluding financials and commodity, combined revenue, EBITDA and profit after tax (PAT) growth reported by these Nifty50 companies stood at 11%, 11% and 12% YoY, respectively, in 1QFY24. While revenue estimates are in line with Antique’s expectation, EBITDA and PAT have missed estimates by 3% and 4%, respectively.
