Indian Corporate Earnings Show Strong Rebound in September Quarter
What happened
Motilal Oswal and Nomura reported strong sales and profit growth across 134 Indian companies during the September-quarter earnings season. Motilal Oswal noted that 230 companies under its review reported combined sales growth of 26%, EBITDA growth of 24%, and profit after tax growth of 33% year-on-year, exceeding the brokerage's expectation of 19%.
From indiatimes.com
Why it matters
The recovery in corporate earnings coincided with a sharp turnaround in the Indian market, where the Nifty gained more than 10% in November, supported by renewed foreign institutional buying and falling crude oil prices. Jefferies also raised its FY27 earnings growth forecast for the MSCI India index by one percentage point.
From indiatimes.com
Who's involved
- Motilal OswalIndian businessman whose firm provided an interim earnings review
- NomuraJapanese corporation that reported strong sales and profit growth
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Hindalco IndustriesSpeculative
Hindalco Industries might see increased valuation due to sector strength driven by strong earnings
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The entities involved
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Motilal Oswal
Indian businessman
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Nomura
corporation in Japan
Related events
- Hindalco Industries reported strong performance across its aluminium and copper businesses, supported by Novelis recovery and aluminum price reversal from the Middle East.
- Motilal Oswal maintained a buy rating on stock while Bajaj Finance reported consolidated profit growth.
- Nomura maintained a 'Buy' rating on India's most valuable company.
- Motilal Oswal reiterated a Buy rating on Coal India on October 30, 2026.
- Motilal Oswal provided revenue estimates for Hindustan Unilever and Britannia Industries.