Morgan Stanley predicts India Inc's Q4 earnings to be at a 19-quarter low.
There is likely to be a single-digit decline in profit due to weak revenue growth and margin contraction.
Nine out of 10 sectors are expected to deliver good revenue growth, with communication services, healthcare, and industrials leading the way.
Bharti Airtel Ltd. and Infosys Ltd. are expected to be the biggest contributors to aggregate BSE Sensex earnings, while State Bank of India is expected to perform poorly.