Corporate earnings show strong growth in Q3
Corporate earnings in India rose 13.4% YoY in Q3, driven by oil and gas, metals, and non-banking financial services. Excluding financials, growth was even stronger at 21%, highlighting selective performance among small and midcap firms.
after close1 source ↓written by the desknot a recommendation
- growth reached
- 21%
Corporate earnings in India are gaining momentum, with Nifty 50 companies' earnings per share up 13.4% YoY in Q3, surpassing expectations of 10.1%. Excluding financial services, growth reached 21%, exceeding the forecast of 16.9%. However, growth remains selective, particularly among small and midcap firms, indicating varied performance across sectors.
Not investment advice. For informational purposes only.