Q4 earnings review, June 4 -- The March quarter earnings brought much-needed relief to the Indian stock market, as corporate performance beat Street estimates, led by OMCs, PSU banks, automobiles, healthcare, technology, and capital goods, easing valuation concerns to some extent.

This recovery in performance, after three consecutive quarters of subdued growth, was largely driven by lower input costs and moderating inflation, which supported operational profitability. Although the net profit growth for Nifty 50 companies remained in the single digits - marking the fourth consecutive quarter of such growth since the pandemic (June 2020) - it still exceeded analysts' projections.

Adjusted net profits of the Nifty 50 index rose 3.7% year-o...