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High Expectations

FY11-13:19% CAGR

Sensex Earnings Growth

FY96-03:1% CAGR

FY93-96:45% CAGR 81

129

181

FY93

FY94

FY95

250

266

291

278

280

FY96

FY97

FY98

FY99

FY00

Source: Motilal Oswal Securities

FY08-10:0% CAGR

FY03-08:25% CAGR

1013 718

216

236

272

FY01

FY02

FY03

348

FY04

450

FY05

1431 1203

833

820

834

FY08

FY09

FY10

523

FY06

FY07

FY11

FY12E FY13E


high expectation