Every earning season is important, but the upcoming Q3 earnings season is even more so. Unlike the Q2 results (where the impact of the lower GST rates was felt only by a few auto companies), the Q3 numbers will show what the impact has been across different sectors. So, if a company has been able to do well in Q3, it probably holds hope. But if it has not been able to perform well despite the tailwinds of lower GST rates and festive season demand, then it probably means that things are not going to be good for it even in the near term.
