Geojit’s Vinod Nair flags ‘cautious outlook’ for IT stocks amid market volatility, geopolitical uncertainties

India Inc’s Q4 earnings season has outperformed expectations, with broad market PAT rising by 12% YoY. Nifty50 companies reported earnings growth of 6–7%, exceeding the earlier forecast of 0–3%, which is expected to lead to a marginal upgrade in India’s EPS forecasts for FY25 and FY26. This strong performance was largely driven by lower input costs and moderating inflation, which improved operational profitability.

Performance across sectors was mixed. The metals and mining segment stood out, benefitting from higher QoQ realizations amid global supply chain disruptions.