Nifty Firms Post 18% Profit Growth in Q1 FY27

Nifty companies earned much more profit in the first quarter of FY27.

Their profit after tax rose 18% compared with the same period a year earlier.

This was the best growth seen in 10 quarters.

Many different sectors helped produce the improvement.

Financial companies, metals, technology, telecom and oil and gas companies were among the strongest contributors.

Smaller companies also performed well, with small-cap profits rising 31%.

Almost half of the companies tracked by the brokerage earned more than analysts expected.

Analysts also raised profit forecasts for more companies than they lowered them.