mumbai a slew of factors including higher input costs mounting interest expenses and forex losses due to the rupees depreciation against global currencies is expected to pull down india incs profits for the octoberdecember quarter starting with infosys on january 12 indian companies will begin announcing their revenue and profit numbers over the next four weeks some even spilling into february in terms of growth many expect this could be the worst quarter for india inc in the last 23 quarters excluding the four quarters during the global financial crisis analysts at broking houses expect companies revenues could grow 1520 on a yearonyear yoy basis but net profit growth is estimated to be in low single digits the large disparity between revenues and net profit growth rates is attributed to rising raw materials and interest costs and forex losses the topline of 80 companies that leading domestic retail broking house kr choksey shares securities tracks are expected to grow 175 on a yoy basis during the quarter ended december 2011 q3fy12 however there are concerns that ebitda gross and net profit margins could grow by just about 33 during q3fy12 a report from the broking house noted emkay global another domestic brokerage estimates that while sales growth of about 125 companies that it covers would be about 20 compared to the corresponding quarter of fy11 adjusted net profit would grow by just 52 on a yoy basis the broking house expects some good performance from it pharma cement fmcg and agrobased companies during the quarterly results on the other hand the laggards could be oil gas construction metals and real estate emkay global said in a report titled a quarter of mellowed expectations for the 30 sensex stocks the growth in pat is also estimated to be limited to about 33 for q3fy12 a report by domestic brokerage major edelweiss noted the fault lines are clearly visible in the backdrop of a perceptible slowdown in macro environment india inc faces another tough quarter the report noted highly disconcerting is the breadth of negative earningsalmost a third of companies under edelweiss coverage are expected to post an earnings decline of more than 20 however the stand out sector could be pharma led by a strong surge in the domestic market favourable currency movement and niche launches in the us the report added navin agarwal and rajat rajgarhia strategists at motilal oswal securities said that the q3fy12 would see the lowest pat growth in the last 23 quarters excluding four quarters of global crisis 3qfy092qfy10 when pat growth yoy was negative the results would clearly reflect the macroeconomic backdrop of persistent high inflation high interest rates and weak currency the strategists said they expect 51 out of the 136 companies that they cover to report pat degrowth on a yoy basis