Sector‑wise profit surge lifts Nifty earnings in Q1 FY27

Mumbai, 17 August — The average profit growth of Nifty‑50 constituents rose to 18% year‑on‑year for the April‑June quarter of fiscal 2027, the highest rate in the past ten quarters, according to a recent broker report. The upturn was not limited to the index; it was reflected across most market segments.

Financials, metals, non‑OMC oil & gas, technology and telecom posted the biggest gains, while large‑cap earnings grew 21% annually. Mid‑caps posted a 23% increase – the strongest in eleven quarters – and small‑caps surged 31%, well above the 22% consensus, thanks largely to finance and oil & gas firms.

Out of the 130 companies covered, 48% beat earnings estimates, 25% missed, and the upgrade‑to‑downgrade ratio stood at 1.5. Nifty’s earnings per share forecast was raised by 0.6% to ₹1,232 for FY27 and by 0.3% to a range of ₹1,422‑₹1,425 for FY28.

The report also noted that while most sectors benefited, oil‑marketing companies continued to weigh on overall profit growth due to high crude prices.