Jefferies says 50% of tracked firms got FY27 upgrades
In short
Jefferies said 50% of the 105 companies it follows got FY27 earnings upgrades. Another 41% were cut, and 9% were unchanged.
It also said 56% of companies beat expectations, up from 52% in the last quarter. That suggests India’s earnings are holding up, but the recovery is still uneven across sectors.
What the reporting says
Jefferies reported that 50% of the 105 companies it tracks received FY27 earnings estimate upgrades, while 41% were downgraded and 9% were unchanged. The report also said 56% of companies beat expectations, up from 52% in the previous quarter. The evidence points to some resilience in India’s Q2 FY27 earnings, but the recovery remains uneven across sectors.
Why it matters
Jefferies said 50% of the 105 companies it tracks received FY27 earnings estimate upgrades, with 41% downgraded and 9% unchanged. It also said 56% beat expectations, up from 52% in the previous quarter. The report suggests resilience in India’s earnings cycle, but the available summary does not name the sectors driving the split or whether the trend will continue.