GK and monthly revision

Largecaps lead profit growth, mid & smallcaps outshine in revenue momentum in Q4

In the March 2026 quarter, large-cap companies reported stronger net profit growth primarily due to one-off gains, despite facing slower revenue growth and wider margin contractions. Conversely, mid and small-cap firms exhibited resilient revenue growth and smaller margin declines, indicating a significant performance disparity. This trend is reflected in stock market indices, where mid and small-cap indices outperformed large-cap indices over the last three months, highlighting a shift in market dynamics.