Profit at Nifty50 companies climbed 18% from a year earlier in Q1 of FY27, the fastest growth in 10 quarters and well above Motilal Oswal Financial Services’ estimate of 10%. Yet five companies—ONGC, Hindalco Industries, Reliance Industries, JSW Steel and Bharti Airtel—accounted for 60% of the incremental earnings.
Motilal Oswal described the quarter as a “picture-perfect” period of broad-based performance, with 19 sectors exceeding its expectations. The brokerage’s coverage universe, excluding oil-marketing companies, recorded sales, Ebitda and profit growth of 18%, 15% and 22%, respectively. Its estimates had called for growth of 15%, 10% and 15%.
