Indian Inc reported healthy revenue and earnings growth of 9/16 per cent year-on-year in Q2FY26 as can be inferred from the 2,418 companies that have reported results till last Thursday.

Excluding banks and financials, the growth metrics further increase to 9/22 per cent y-o-y. While these are strong numbers enabled by rebound in economy, growth rate is also partially influenced by base effect. In Q2FY25, earnings for the same set of companies declined by around 18 per cent.

A significant part of the earnings growth can be ascribed to refineries segment. As refining margins (GRM) dipped last year and rebounded so did the profits of refineries and India Inc. But even otherwise most other segments, apart from FMCG, have reported strong results in the quarter.

Outperformers

While it is st

See Full Page