Airtel to Trent: 44 stocks likely to report double-digit profit slump in Q1. Are your stocks on the list?

Motilal Oswal expects Q1 earnings growth to slow to 10 percent year-on-year for its coverage universe, down from 18 percent and 15 percent in the previous two quarters. Around 44 stocks are projected to report double-digit profit declines, including InterGlobe Aviation (down 30 percent), HAL (33 percent), Dalmia Bharat (39 percent), GAIL (49 percent), Biocon (44 percent), IDFC First Bank (47 percent) and Bharti Airtel (31 percent). The brokerage has cut FY26 earnings estimates by about 1.4 percent and FY27 estimates by roughly 3 percent, citing risks from the Iran-Israel conflict and its potential impact on crude prices, inflation and the rupee.