Sensex cos may clock over 22% growth

The robust numbers reported in the March quarter are likely to be repeated in the first quarter of this fiscal,and brokerages expect the Sensex companies to clock an annual growth of over 22 percent in the current earnings season beginning this week.

“The adjusted earnings of the Sensex companies are expected to grow by a strong 22.5 percent y-o-y in the Q1. The Sensex earnings (ex-oil firms) are estimated to grow by 25.8 percent y-o-y,” brokerage Sharekhan said in its earning note.

Analysts say growth in the earnings of the Sensex firms would mainly be achieved on the back of a relatively better performance of metals (owing to improved realisations and volume growth) and capital goods sectors. But the telecom and cement sectors are likely to be a drag the Sensex,they add.