Q1 results: Investors shouldn't be swayed by y-o-y numbers; only these sectors to report q-o-q growth Synopsis Investors should be careful as y-o-y and q-o-q growth numbers will give out conflicting signals. While the aggregate numbers will be weak, it will be an average based on sectors that are expected to report good and bad numbers. Here's a closer look. This results season is different and investors should be careful with the first quarter numbers. Though the numbers will look good when compared to what it was a year ago, that is not the way to go about it. “The first quarter of 2020-21 was a complete washout for most sectors and therefore, one needs to check the q-o-q numbers to get a clearer picture,” says Daljeet Singh Kohli, CIO, StockAxis.com. You need to filter the q-o-q numbers as well.