Mumbai, Nov 20
Aggregate earnings of companies in the Nifty-500 universe grew 15 per cent in Q2 FY26, the highest in five quarters, despite geopolitical headwinds and weak consumption trends, a report said on Thursday.
Excluding metals, oil and gas stocks, aggregate earnings of the Nifty 500 universe grew only 9 per cent (on-year).
Excluding financial stocks, the Nifty 500 universe reported aggregate earnings up 20 per cent YoY.
Midcaps and smallcaps outperformed, as Midcap‑150 earnings grew 27 per cent and Smallcap‑250 went up 37 per cent. Weaknesses in private banks and automobiles led to relative underperformance of the large-cap universe versus SMIDs, said the report