New Delhi, Oct. 13 -- Nifty 50 companies might defy global volatility and post a nearly 23% year-on-year rise in net profit in the September quarter of this fiscal year (Q2FY27), according to major domestic brokerage estimates. This would mark the strongest earnings growth for India's blue-chip companies in four quarters, even as analysts expect momentum to moderate in the second half of the fiscal year amid rising cost pressures.

Lower crude prices in July and August benefited corporations, particularly oil marketing companies, whose losses are expected to narrow from the June quarter, Elara Securities said in a recent report. Brent crude averaged below $90 a barrel during the two months before surging to $109 in September. "The full co...