Net profit was adjusted against one-time profit or loss. To be sure, these are early trends, and typically, companies with weak performances declare their results towards the end of the earnings season. According to Crisil, steel prices gained from the convergence of three tailwinds: high global steel prices, tight domestic supply due to iron ore shortage, and healthy demand. “Q4FY21 earnings could disappoint, but then the first two quarters of FY22 would report abnormally higher earnings growth because of the abysmally low base of FY21. We are expecting earnings of Nifty-50 to grow by 29% in FY22 on the back of 12% earnings growth expected in FY21," Oza said.

Source: Mint January 27, 2021 00:56 UTC