Q4FY23 Earnings Report What Investors Need To Know

India’s corporate earnings season is in full swing and the results are in. Overall, the results were in line with street expectations with some sectors performing well while others struggled. Bhavya Rathod highlights the winners and losers and provides an insight into how the winds are blowing for India Inc. in the current scenario

- Bhavya Rathod

The Indian equity market continues its winning streak even in the month of May after a weak run over the last four months of FY23. Since April 2023, India has outperformed the global equity market. In the month of April, the frontline equity index alone gained as much as 4.1 per cent.

One of the reasons for such outperformance is definitely the huge underperformance of the Indian equity market in the last few months. However, the results announced by India Inc. for the quarter ended March 2023 has also played its role besides the Reserve Bank of India’s decision to stop consecutive rate hikes. All this led to realty, PSU banks and automotive and small-cap companies post remarkable gains in their share prices since the start of April.

March Results at a Glance