19 Sectors Beat Q1 Estimates as Corporate Earnings Rise
Indian corporate earnings in Q1 FY27 were broad-based, with 19 sectors beating expectations and Nifty PAT growth hitting a 10-quarter high, according to a Motilal Oswal report.
Mumbai: Indian corporate earnings delivered a broad-based performance in the first quarter of FY27, with 19 sectors exceeding expectations and financials, metals, oil and gas excluding oil marketing companies (OMCs), and automobiles emerging as key growth drivers, a report said on Sunday.
Data compiled by Motilal Oswal showed the Q1 FY27 earnings season concluded on a strong note, with corporate performance beating expectations across major aggregates. Elevated crude oil prices weighed heavily on OMCs, while financials, metals, oil and gas excluding OMCs, technology, telecom, chemicals, textiles and real estate contributed positively to earnings growth.
For the Motilal Oswal Financial Services (MOFSL) Universe excluding OMCs, sales, EBITDA and profit after tax (PAT) grew 18 per cent, 15 per cent and 22 per cent year-on-year, respectively, against the brokerage’s estimates of 15 per cent, 10 per cent and 15 per cent. The strong performance was attributed primarily to BFSI, metals, oil and gas excluding OMCs, technology and telecom.
