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Q3 earnings to trigger more upgrades, brokerages peg Nifty EPS growth at 15% for FY21 The cost-saving initiatives and the festive season consumption demand also helped India Inc post a strong quarterly scorecard. February 05, 2021 / 07:04 PM IST The December quarter earnings, so far, have seen more hits than misses, thanks to a recovery in demand after the opening up of the economy and the significant drop in coronavirus infections. The cost-saving initiatives and the festival season demand also helped India Inc to post a strong quarterly scorecard. The Q3FY21 earnings have maintained the momentum of the previous quarter. There has been a 3.9 percent/2 percent upgrade in FY21/FY22E Nifty EPS estimates to Rs 536/Rs 713 (from Rs 516/Rs 699). We are now building in Nifty EPS growth of 15 percent for FY21E, said Motilal Oswal Financial Services.

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