Automobile, consumer goods, metal and telecom companies are expected to report subdued earnings.“The first-quarter corporate results will have the large base of Q1FY19 as an impediment. Volume growth of passenger cars, two-wheelers and commercial vehicles dropped 10-22 per cent during the quarter following rising channel inventory. State Bank of India, Axis Bank and ICICI Bank should report profit recoveries. In addition, order inflows during general elections have been better than Street estimates.The effect of rising cement prices was not fully visible in the previous quarter. In the June quarter, large cement companies are expected to benefit from the spillover effect of higher prices.

Source: Economic Times July 04, 2019 02:40 UTC