How have been the quarterly results of Indian companies so far?

If you go by the report published by ICICI Securities, there is good news on the corporate results front. For example, the Mar-21 fourth quarter saw a larger number of companies beating analyst expectations. Net profits of the Nifty-200 index stocks were up by 120% yoy on the back of a sharp cyclical recovery in growth.

If you look at the profits of Nifty-50 companies, it has almost doubled. This can be attributed to the nominal GDP revised upward by 0.8% to Rs.197 trillion. Quarterly scorecard got a boost from sectors like metals, cement, building material, capital goods and autos. More importantly, the QOQ growth rate is over 25%, much better than most optimistic projections.