New Delhi, Feb. 17 -- Amid geopolitical headwinds and concerns over the impact of US tariffs, the December quarter (Q3) earnings of Indian corporates largely remained on expected lines.

Experts highlighted that large-caps and small-caps delivered in-line results, while mid-caps' performance was slightly below expectations.

"The Nifty delivered a 7% YoY PAT growth versus our estimates of +6%. Nifty reported a single-digit earnings growth for the seventh consecutive quarter since the pandemic (Jun'20). Large-caps and small-caps deliver in-line results, while mid-cap performance misses our estimates," said brokerage firm Motilal Oswal.

Most experts highlight that Q3 FY25 earnings in the Indian small-cap universe indicate a phase of normal...