Portfolio Review – 1Q FY27
Itus Capital Reviewing Q1 FY27 at ITUS (Juneโ26 Earnings Quarter) Executive Summary Our portfolio companies reported revenue growth…
August 2026Record Profits, Borrowed From A Credit Cost Trough
Indian markets consolidated as oil stabilised following an Iran-US agreement and global flows stayed anchored in US chip and hardware names. The argument advanced was to read a record as a cycle statement: Nifty 500 corporate profit-to-GDP reached an all-time 5.2%, about INR 18.1 trillion, double the level of four years ago, a peak touched only once before in FY08, after which it halved over twelve years. Profits rose 16% on under 2% revenue growth, so the gain was entirely margin, largely a trough in bank credit costs, with financials 37% of the ratio.
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