Motilal Oswal - MOSL: INDIA STRATEGY 4QFY19 interim earnings review- In line performance so far-Weak commentaries-Downgrades continue

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Motilal Oswal

Gautam Duggad

EUR 350.00 For Business Accounts Only

MOSL: INDIA STRATEGY 4QFY19 interim earnings review- In line performance so far-Weak commentaries-Downgrades continue

India Strategy: 4QFY19 interim earnings review; In-line performance so far; Weak commentaries; Downgrades continue

67 MOFSL Universe and 19 Nifty companies have released their March-quarter results until 7th May 19. Among the MOFSL Universe companies, 74%/82% have delivered PAT/EBITDA that is either in line or above our estimate. The trend in earnings revision remains in favor of downgrades. Broader headline numbers of both the MOFSL Universe and the Nifty have been in line with our estimates. Corporate Banks demonstrated a decent improvement in asset quality, while Auto slowdown continues and Consumer Staples commentaries turned weaker on demand.
We note that companies that have reported their earnings so far comprise (a) 43% of estimated PAT for the MOFSL Universe, (b) 44% of estimated PAT for the Nifty and (c) 39% of India's market capitalization.

09/05/2019 1 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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Gautam Duggad

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MOSL: INDIA STRATEGY 4QFY19 interim earnings review- In line performance so far-Weak commentaries-Downgrades continue

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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