Story thread · 2 reports / 1 sources

Strong earnings propel mid- and small-cap stocks to a significant rally on D-St

economictimes.indiatimes.com · 3hShare

Mumbai: Mid- and small-cap companies delivered strong earnings performance in the June quarter, posting their sharpest revenue growth in 16 quarters, shrugging off the impact of rising commodity prices, mainly oil, amid West Asia conflict.Of the sample of 113 companies in the Nifty MidCap 150 index, aggregate revenue in April-June climbed 20%, its biggest jump since June 2022, from the same period a year ago. Operating profit rose 27%, extending its streak of double-digit growth to 13 quarters, according to Capitaline data. Aggregate net profit surged 23% year on year, marking the second consecutive quarter of double-digit growth.Total costs increased 17.2% year on year, the sharpest rise in 14 quarters.The smallcap segment recorded an even stronger performance. Of the sample of 213 companies in the Nifty SmallCap 250 index, aggregate net profit surged 42.5%, its biggest jump in six quarters. Revenue rose 19.3%, its strongest growth in 14 quarters, while operating profit increased 27.5

First report: India Inc clocks strongest revenue growth in 9 quarters; margins squeezed by rising costs — economictimes.indiatimes.com, 1d