The Earnings Report Card for June 2022, a brief update on quarterly earnings for markets and our funds
- Earnings for FY22 have ended on a strong note. 19% profit growth on a 3Y CAGR basis, significantly higher than top line CAGR of 9% and real GDP CAGR of 2%.
- The pandemic profit boom is attributable to global reflation (which lifted exports as well as prices), market share gains from unorganized, and easy liquidity. This coupled with deleveraging has resulted in strong corporate and bank balance sheets.
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