Q1FY19 earnings review: Key takeaways from the top 10 sectors

The result of the previous quarter includes the impact of the goods and services tax (GST), unlike in the same quarter year ago.

The June 2018-quarter result season has been a mixed bag thus far. A recent study by Motilal Oswal of the 105 companies under their coverage suggest 62 per cent companies have posted profit after tax (PAT) and earnings before interest, tax, depreciation and amortisation (EBITDA) that are either in line with or above their estimates. For the 32 Nifty50 companies, this number stands at 69 per cent, the findings suggest.

The narrative on earnings, according to the research and broking house, hasn't changed as corporate banks and Tata Motors pulled the aggregates down.

“Overall profit after tax (PAT) growth has