ET Now: What are you expecting from the earnings season? It started off just about okay with IndusInd, DCB as well as Infy.
Taher Badshah: It's still early. We have seen only a couple of results. Infy was not a very bad result, especially going by the way it has been received by the market. It is still a little short of expectations, but one should not forget that it still reported a 20 per cent earnings growth adjusted for everything - EBITDA level, PAT level, etc is a fairly decent number on year on year basis for a company which is trading at about 16 times one-year forward earnings and a shade below the benchmark valuations.
On an aggregate basis, we will see how the results season unfolds. But prima facie, expectations are for a odd 15 per cent kind of earnings growth consolidated for all companies under our coverage and probably similar number for even the benchmark indices. This is a good number to go by at current valuations. Probably as things get better - as we are seeing on the macro front during the course of the year - then it clearly could be a year of earnings upgrades and upsides compared to what it has been in the last two years. Hence, We are getting better than that current number of 15 per cent which has been forecast.
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Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price