Morgan Stanley reviews Indian June earnings performance

Investing.com -- Morgan Stanley reported that Indian companies showed strong earnings results for June 2026, with most firms beating analyst expectations across multiple sectors.

The firm's coverage of 39 Nifty stocks showed revenue growth of 19%, which was 3 percentage points above estimates. Net profit growth reached 16%, exceeding analyst estimates by 11 percentage points.

For Morgan Stanley's ex-oil public sector undertaking coverage, revenue, EBITDA, and profit after tax grew by 19%, 16%, and 22% year-over-year, respectively. All three metrics surpassed analyst estimates, with aggregate EBITDA margin reaching 20%.

Two-thirds of Morgan Stanley's coverage universe that reported results beat analyst estimates, with relative stock performance at 46%.

Among 28 Sensex stocks, revenue growth reached 18%, which was 3 percentage points above estimates. Net profit growth came in at 14%, exceeding analyst estimates by 10 percentage points.

The broader market, comprising 1,682 companies, reported revenue and net profit growth of 20% and 8% year-over-year, respectively. Margin compression of 234 basis points was recorded across this group.

Utilities, Materials, and Consumer Discretionary sectors posted the strongest profit growth, while Energy reported profit declines. Margins expanded for 40% of Morgan Stanley's coverage.

Industrials and Utilities sectors led the performance beats versus analyst expectations.

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