New Delhi, Aug. 19 -- The June quarter earnings season for India Inc. largely met expectations, with analysts describing it as a "crossover quarter," a transition from the subdued, low single-digit earnings growth of FY25 to a more sustainable double-digit growth trajectory.

For Nifty50 companies, Q1FY26 marked the fifth consecutive quarter of single-digit profit after tax (PAT) growth, but with a notable improvement. Aggregate PAT rose 8% YoY, beating analyst expectations of 4-5%. The severity of earnings cuts also moderated compared to previous quarters, even though the trend of downgrades persisted.

Looking ahead, analysts expect earnings momentum to accelerate on the back of easing inflation, stronger liquidity conditions, an above-...