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