Q2 earnings upgrades hold above 50%, says Jefferies. Is the profit cycle turning?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India's Q2 FY27 earnings show resilience, as Jefferies said 50% of 105 tracked companies got profit upgrades.
- ✓While 56% of firms beat expectations, the recovery remains uneven across sectors.
- ✓Jefferies noted, "The Sep'26 quarter results so far have been healthy with upgrade ratio sustaining at 50%+," raising its growth forecast.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
India's Q2 FY27 earnings show signs of resilience, with Jefferies reporting that 50% of the 105 companies it tracks received FY27 earnings estimate upgrades, while 41% saw downgrades and 9% remained unchanged. The share of companies beating expectations rose to 56% from 52% in the previous quarter, though the recovery remains uneven across sectors.
India's earnings season is showing resilience despite a mixed sectoral performance, with more companies receiving profit upgrades than downgrades. But the recovery remains uneven, raising questions over whether the latest improvement marks a genuine turn in the earnings cycle or simply reflects strength in a few select pockets.
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Economic Times
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