New Delhi, April 6 -- The earnings season is one of the biggest drivers for the stock market. This time, it assumes even more significance as it comes against the backdrop of the US-Iran war and expectations that the March quarter would mark earnings revival for Dalal Street after months of below-the-expectations performance.

India Inc was on a steady trajectory of recovery and credit expansion in the first two months of the March quarter. However, the US-Iran conflict at the end of February 2026-specifically the disruption in the Strait of Hormuz - has undeniably introduced a late-quarter "speed bump."

While aggregate revenue growth is expected to remain in the 10-12% range, we definitely foresee a moderation in earnings quality, said ...