Adani Enterprises, Wipro Among Top Performers as Nifty Profit Rises 7% in Q4FY25

New Delhi | May 5, 2025 — The March quarter earnings season is off to a steady start, with 27 Nifty companies reporting a combined 7% year-on-year (YoY) rise in profit, according to data compiled by AceEquity. These firms posted a total profit of ₹1.5 lakh crore, up from ₹1.4 lakh crore in Q4FY24, while aggregate net sales rose 9.11% to ₹10.2 lakh crore.

Top contributors to profit growth include Adani Enterprises, Tech Mahindra, Tata Consumer Products, Adani Ports, and Wipro. On the revenue side, Eternal Ltd, Trent, Bajaj Finance, Adani Ports, Shriram Finance, and Mahindra & Mahindra delivered strong sales growth between 20% and 64% YoY.

Brokerage firm Motilal Oswal Financial Services (MOFSL) noted that 24 Nifty firms it tracks posted a better-than-expected 7% profit growth versus its 5% projection, driven by key players like ICICI Bank, HDFC Bank, Wipro, Infosys, Reliance, and Bajaj Finance.

However, the quarter also had its share of laggards. Eternal Ltd, Trent, and Infosys saw their profits fall 77%, 54%, and 11% respectively. Meanwhile, Adani Enterprises and SBI Life Insurance reported sales declines of 7.6% and 5%, respectively.

Wipro, HUL, Nestlé India, and Tech Mahindra posted only single-digit revenue growth, signaling a mixed performance across consumer-focused and tech sectors.

MOFSL added that 78% of the broader coverage universe met or exceeded profit expectations. “Aggregate earnings rose 8% YoY, outperforming our estimate of a 1% YoY decline,” it said.

Axis Securities predicts short-term market consolidation, emphasizing that sector and style rotations will dominate market strategies. It also believes that domestic-facing sectors will outperform export-oriented sectors, especially amid uncertainties surrounding reciprocal tax policies.