New Delhi, March 25 -- The ongoing US-Iran conflict is expected to impact corporate earnings in the fourth quarter of FY2026, with the effect likely to extend into the first quarter of the next financial year, according to a report by Emkay Research.

The report stated that supply chain disruptions caused by the conflict will take time to normalise, even after the reopening of the Strait of Hormuz.

"We expect some impact on 4QFY26 earnings, with a spillover to 1QFY27. Supply chains are likely to take 1-2M to normalize after the Strait of Hormuz reopens," the report noted.

It added that damage to energy infrastructure in the Middle East could further delay the full normalisation of oil markets, prolonging the impact on businesses.

Accor...