2 weeks ago
19 sectors beat Q1 estimates as corporate earnings gain momentum
Every few months, big companies in India tell everyone how much money they made or lost.
This news is about the first three months of the new business year, called Q1.
A company called Motilal Oswal studied the results of many Indian companies.
They found that 19 types of businesses did better than people expected.
Banks, metal companies, oil and gas companies, and car makers did especially well.
Only some fuel-selling companies, called oil marketing companies, had big trouble because oil prices were high.
The main stock market index, the Nifty, grew its profits by 18 percent compared to last year.
That is the best growth seen in ten quarters.
Almost half of the companies studied earned more money than experts expected.
Overall, it was a strong quarter for Indian companies.
19 sectors exceeded earnings expectations in Q1 FY27, according to a Motilal Oswal report.
Financials, metals, oil and gas excluding OMCs, and automobiles were the key growth drivers.
The Nifty delivered 18% year-on-year PAT growth, a 10-quarter high, beating the estimated 10%.
OMCs were the biggest drag, reporting a loss of Rs 181 billion against a profit of Rs 162 billion a year ago.
About 48% of companies in the MOFSL Universe beat PAT estimates, with 130 upgrades versus 89 downgrades.
- Who
- Indian companies in the Motilal Oswal (MOFSL) universe, with the report compiled by brokerage Motilal Oswal.
- What
- 19 sectors beat Q1 FY27 earnings estimates, with broad-based profit growth across large, mid and small caps.
- Where
- India; the report was released in Mumbai.
- When
- First quarter of the fiscal year 2027 (Q1 FY27).
- Why
- Earnings growth was driven by financials (BFSI), metals, oil and gas excluding OMCs, technology, telecom and automobiles.
Key facts
- Report source
- Motilal Oswal Financial Services (MOFSL)
- Sectors beating estimates
- 19
- Key growth drivers
- Financials, Metals, Oil & Gas (ex-OMCs), Automobiles
- MOFSL Universe PAT growth (ex-OMCs)
- 22% year-on-year
- Nifty PAT growth
- 18% year-on-year (10-quarter high)
- OMCs performance
- Loss of Rs 181 billion vs Rs 162 billion profit a year ago
- Companies beating PAT estimates
- 48% (25% missed)
- Upgrades vs downgrades
- 130 upgrades vs 89 downgrades











