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Aggregate revenue growth of 149 companies covered, ex-telecom (Midcap 1,080 billion U.S. dollar) is projected at 7.7% for topline, 12.1% for operating level and 12.2% for net earnings.
Telecom sector has been excluded to adjust the negative base of last year on account of exceptional items.
Our Large cap universe (ex-telecom) aggregate revenue growth is projected at 6.1% YoY for topline, 8.4% YoY for operating profit and 7.3% for net profit.
Our mid/small cap universe projects a increase in topline by 8.0% YoY, increase in operating profit by 12.1% YoY and increase in net profit by 11.3%.
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