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Sunday, November 30, 2025 | 10:21 PM ISTहिंदी में पढें
Outlook dims: 72% of Nifty50 firms brace for EPS downgrades in FY26
Stocks with the sharpest EPS downgrades included IndusInd Bank, Adani Enterprises, Eicher Motors, ONGC, and Tata Motors, according to JM Financial
 "The recent decline in corporate earnings is likely to cast a shadow on the government's direct-tax receipts and its fiscal position.")
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As the fourth quarter and fiscal year earnings season concluded, a majority of India’s top listed companies saw their earnings per share (EPS) estimates downgraded for the financial year 2026 (FY26).
About 72 per cent, or 36 out of 50 Nifty50 companies, saw a cut in their FY26 estimated EPS in March 2025, according to analysts at JM Financial. In contrast, only eight companies, or 16 per cent of the Nifty50, saw an upgrade in FY26 EPS estimates
Sector-wise, all automobile and oil and gas stocks saw EPS cuts, while 88 per cent of consumer stocks are poised
