Corporates likely to report 15% EPS growth in FY25; Banks, IT boast attractive valuations, steel sector to shine
Banks: Banks are likely to report a lower-than-average earnings growth of 9.18 per cent in FY2025. However, large private banks and excluding State Bank of India (SBI) are expected to deliver a net profit growth of nearly 14 per cent.
IndusInd Bank is likely to deliver the highest EPS growth of 19.5 per cent, followed by HDFC Bank at 16.68 per cent. Banks are expected to report a 25 per cent EPS growth in FY2024 on account of strong credit growth due to robust domestic consumption and monumental government spending, lower slippages, and roll back of provisions.
Steel and Cement: The steel sector anticipates abnormally high growth in FY2025, benefiting from a low base in previous years. Cement, despite facing challenges, is supported by stable volume growth.
Telecom and Engineering: Telecom companies like Bharti Airtel and engineering giants like Larsen & Toubro showcase positive earnings outlooks, driven by tariff hikes and order book strength. more to come Milestone Alert!
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