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

For the March quarter, large-cap net profit grew 30 percent while mid-caps saw a 4 percent drop and small-caps grew 16 percent, based on a sample of 2,956 companies. Revenue growth was stronger in mid-caps at 12.4 percent and small-caps at 13.4 percent, outpacing large-caps at 10 percent, though large-caps led on margins at 19.4 percent. Margin contraction was steepest for large-caps at 210 basis points year-on-year, with mid and small-caps falling 40 and 125 basis points respectively, and the BSE 150 MidCap and BSE 250 SmallCap indices have gained 14 percent and 22 percent over the past three months versus 3 percent for the Sensex.