As the June quarter earnings season gets underway with TCS set to report its Q1FY27 results on Thursday, domestic brokerage Motilal Oswal expects earnings for its coverage universe to decline 3% year-on-year, marking the weakest performance since September 2020. In contrast, it forecasts Nifty earnings to grow 10%, the strongest pace in four quarters.
Motilal Oswal expects profit after tax (PAT) for its largecap and midcap coverage universe to decline 2% and 14% year-on-year, respectively, in Q1FY27. In contrast, its small-cap universe is projected to post 20% YoY PAT growth.