New Delhi, Feb. 6 -- The earnings for the December quarter (Q3FY24) so far have been in line with estimates for the most part and grew 34 percent YoY (vs estimate of 28 percent YoY). Once again, the earnings growth was fueled by domestic cyclicals, such as BFSI (bank, financial services, and insurance) and Auto, stated a report by domestic brokerage house Motilal Oswal (MOSL).

As of February 1, 2024, 33 companies within the Nifty announced their Q3FY24 results. These companies constitute a) 73 percent and 74 percent of the estimated PAT for the MOFSL and Nifty Universe, respectively; b) 48 percent of India's market capitalisation; and c) 77 percent weightage in the Nifty, informed the brokerage.

33 Nifty stocks have reported sales, EBIT...