Indian companies are expected to report earnings growth of 20 to 22 percent for the July–September quarter, according to leading brokerage firms cited by The Hindu on 9 October 2026.
Quick Facts
| Expected growth | 20–22 percent year on year |
| Kotak: Nifty 50 net profit | Up 21 percent |
| Motilal Oswal: aggregate earnings | Up 22 percent, highest in 11 quarters |
| Sectors expected to lead | Banking and finance, automobiles, metals and mining, oil and gas |
What the Brokerages Say
“We expect 2QFY27 net profits of the Nifty-50 Index to increase 21% YoY,” Kotak Institutional Equities said. It estimates the index’s earnings per share at ₹1,227 for 2026–27 and ₹1,398 for 2027–28.
Motilal Oswal Financial Services expects aggregate earnings to grow 22 percent, the highest in 11 quarters.
Banks
YES Securities projects that banks’ net interest income will grow 14.7 percent, with small finance banks and non-banking financial companies growing faster, at 21.2 percent.
What Supports the Forecast
The outlook reflects a resilient domestic economy, supported by GDP growth, industrial production, GST collections and strong foreign exchange reserves.
The Risks
- Uncertainty over the conflict in West Asia
- Unpredictable policy in the United States
- Persistent inflation and higher crude oil prices
- Continued selling by foreign institutional investors
The earnings season began well. Tata Consultancy Services reported a 15 percent rise in quarterly net profit, to ₹13,884 crore.
Source: The Hindu (9 October 2026).
Featured image: Exchange Plaza, home of the National Stock Exchange, Mumbai (file photo, 2018). Photo by NSE, licensed under CC BY-SA 4.0, via Wikimedia Commons.