$TMCV , Reliance, IOC, others lead FY26 earnings boom as Nifty 500 profits hit record HIGH, says Motilal Oswal

India delivered a historic earnings performance in FY26, with the profit-to-GDP ratio of Nifty 500 companies rising to an all-time high of 5.2 per cent, according to Motilal Oswal's latest "India Strategy" report. The profit-to-GDP ratio of listed Indian companies also climbed to 5.7 per cent, marking its highest level in the last 18 years. Despite geopolitical tensions, global uncertainty, and a moderation in domestic demand, corporate earnings reached record levels. Auto, Oil & Gas, and Metals emerged as the biggest contributors to this growth, playing a key role in shaping India's earnings story.