Non-Nifty 50 firms' profit engine fires up, eclipses index giants in Q2

However, these companies have surrendered share in the overall revenue pool over the longer term.

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Their contribution to total net sales of all listed companies stood at 54.1 percent in Q2FY26, marginally higher than 53.7 per cent in QeFY25 and 54 per cent in QiFY26, but still lower than a high of 55.6 percent in Q3FY21.

In contrast, Nifty 50 companies posted just 1.2 per cent year-on-year growth in net profit in Q2FY26, the slowest pace in three years. Their combined net sales (or gross interest income) rose 6.4 per cent year-on-year, the weakest growth in at least 17 quarters.

Mirroring the broader corporate trend, profit growth among non-Nifty 50 companies was propelled by a surge in earnings from energy and commodity producers, notably state-run oil refiners Indian Oil and Bharat Petroleum, as well as cement makers such as Ambuja Cements.