New Delhi, April 7 -- The impact of the Middle East crisis is expected to show up in India Inc's Q4 earnings performance even as other tailwinds remain in place, according to an analysis by Motilal Oswal Financial Services (MOSL).

The domestic brokerage in its latest strategy report said that it expects a softer 10% year-on-year (YoY) growth for the MOSL universe earnings, lower than the 18% and 15% YoY growth recorded in Q3 and Q2 of the financial year 2025-26 (FY26). Earlier, it had estimated a 14% rise in bottomline. The impact on large-caps is expected to be more pronounced.

For the Nifty 50 pack of stocks, the brokerage estimates a 6% growth, anchored by financials. Sales and EBITDA for the Nifty constituents are likely to improve ...