The market cheered, there was a lot of green in the financial statements this quarter. Overall, actual performance of companies that declared results so far has beaten expectations by a net surplus of Rs 20,900 crore in revenue. Net profits across companies have beaten expectations by a surplus of Rs 2672 crore. Visually you can see some firms saw big spikes - actual performance beating the predictions before results by large amounts. Heavyweights like BPCL, Adani Power, HDFC, and Reliance Industries performed substantially above expectations.
Data source: Business Standard
