Q4 Earnings – Reality Check

As of 30th April, ~190 companies have announced their Q4FY25 results, and some key trends are emerging:

Revenue growth continues to slow
Revenue growth has been on a downward slope:
Q2FY25: 11.5%
Q3FY25: 8%
Q4FY25 (so far): 6.7%

Profitability under pressure (excluding the banking sector)
Rising input costs are squeezing margins, and many companies are finding it difficult to pass these costs onto consumers.

Valuations remain elevated

Aside from a few select sectors, broader market valuations still seem elevated, indicating caution for investors.

In Short: Topline growth is decelerating, margin pressures persist (outside of banking), and premium valuations call for careful stock-picking.