Earnings Pharma sector Q1 preview: Brokerages expect a weak quarter, list top picks Updated : July 10, 2020 02:35 PM IST The Nifty Pharma index has rallied over 40 percent in the FY21 June quarter versus a 10.8 percent fall in the FY20 March quarter. The pharma sector is expected to report weak earnings in the April-June quarter with flat revenues and a decline in EBITDA. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.