Q4 stars: Nearly 200 cos more than doubled their profit; should you buy?
Updated : June 04, 2019 12:10 PM IST
Utilities, telecom, airlines, and financials witnessed margin expansion while metals, auto, and pharma saw compression in their margins.
At end of FY19, the Nifty PAT has grown 9 percent YoY for the full year. The estimated PAT growth over FY19-21 is 20 percent led by the financials. The ex-financials PAT growth stands at 13.7 percent.
Companies like UltraTech Cement, Cipla, Bharti Airtel, InterGlobe Aviation, Federal Bank, Bharat Forge, and L&T Finance Holdings reported more than 100 percent growth in their consolidated PAT.