After worst decline in a decade, Indian companies see profits rebound

Profits at Indian companies have rebounded from the worst decline in at least a decade amid signs of an economic recovery.

Aggregate net income of 46 NSE Nifty 50 members grew 4.8% from a year earlier in the quarter through September, according to data compiled by Bloomberg. About two-thirds of the earnings beat or matched analyst estimates, compared with double-digit profit declines in the two previous quarters. By contrast, combined profit for MSCI Asia Pacific constituents remains below year-ago levels.

Lenders including ICICI Bank Ltd. and technology firms such as Infosys Ltd. are among those that beat estimates, signaling business