There were huge ups and downs in the Indian stock market this year. Rising crude oil prices, continuous selling by foreign investors, weak rupee and increasing tension in West Asia increased the concern of investors. Despite this, the March quarter results showed that a large part of Indian companies are still in a strong position. At least 50 listed companies moved from loss to profit in the fourth quarter of FY26.
This time, not only in one or two sectors but also in telecom, automobile, defence, renewable energy, pharma, infrastructure and industrial sectors, companies made a strong comeback. This indicated that corporate India still remains strong at the operational level. Vodafone Idea’s name was included among the companies making the biggest comeback. The company recorded a profit of Rs 51,970 crore this time from the loss of Rs 5,286 crore in the last quarter. Tata Motors Passenger Vehicles also earned a profit of Rs 5,744 crore after a huge loss in the previous quarter.
Big names shine from Adani Green to NHPC
Adani Green performed brilliantly in the renewable energy sector. Government company NHPC also recorded a profit of Rs 2,108 crore, overcoming the loss of the previous quarter. This gave a clear indication that the position of both government and private companies in the infrastructure and energy sectors is getting stronger. In the pharma sector, Sun Pharma Advanced Research made a big upset and registered a profit of Rs 1,761 crore. At the same time, companies like Biocon and Zydus Wellness also returned to profit again.
Real estate and manufacturing companies benefited
Signature Global performed tremendously in the real estate sector. The company earned a profit of Rs 1,152 crore this time compared to the loss of the previous quarter. Apart from this, companies like Prince Pipes, Greenlam Industries and GMM Fodler also showed strong recovery. Amber Enterprises benefited from strong demand in electronics manufacturing. The company came out of a minor loss and reached a profit of Rs 229 crore. Companies related to defense and drone technology like Centum Electronics and Ideaforge Technology also presented better results.
There is still pressure on the market
Although the results of the companies have been better, the challenges facing the market are not over yet. Crude oil prices remain high due to tensions in West Asia. The increasing uncertainty around the Strait of Hormuz is raising concerns for import-dependent countries like India. Due to oil becoming expensive, inflationary pressure may increase, which may affect the margins of companies. Apart from this, weakness of rupee and increase in bond yields can also affect corporate earnings.
Global brokerage is seeing hope
Global brokerage firms like JP Morgan, Morgan Stanley and Goldman Sachs believe that India’s earnings cycle remains strong despite short-term challenges. Morgan Stanley says that after six quarters of slowdown, earnings growth in India may now accelerate. According to brokerage firms, possible rate cut by RBI, better liquidity, infrastructure spending and increasing investment in defence, semiconductor, data center and energy sectors can further support the earnings of companies.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
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