Neelesh Surana Mirae Asset Samvat 2083 outlook: PAT grows 20 percent in Q2 FY27

Neelesh Surana Mirae Asset Samvat 2083 outlook: PAT grows 20 percent in Q2 FY27

Deck: Neelesh Surana of Mirae Asset Mutual Fund projects above-average returns for Samvat 2083. For Q2 FY27, 80 percent of reporting firms saw 20 percent PAT growth, with index earnings expected to rise 18 percent in FY27.

Quick Summary

• Neelesh Surana, CIO of Mirae Asset Mutual Fund, shared market projections for Samvat 2083 as reported on November 09, 2026.
• Key reason: Strong corporate earnings performance during Q2 FY27 with revenue and EBITDA growth of 21 percent.
• Impact: Profit after tax (PAT) increased by 20 percent for the 80 percent of companies that have reported results.
• Market reaction: Surana anticipates above-average returns for the upcoming Samvat 2083 period based on current earnings trajectories.

At a Glance

• The Move: Neelesh Surana forecasts above-average returns for Samvat 2083 following a 20 percent PAT growth observed in Q2 FY27.
• Main Trigger: Robust corporate performance where 80 percent of companies reported a 21 percent growth in both revenue and EBITDA.
• Next Watchpoint: Market participants are tracking projected index earnings growth of 18 percent for FY27 and 14 percent for FY28.

What Happened?

The Neelesh Surana Mirae Asset Samvat 2083 outlook indicates a positive trajectory for Indian markets, supported by strong corporate earnings data. As reported on November 09, 2026, approximately 80 percent of companies have disclosed their Q2 FY27 results, showing a collective profit after tax growth of 20 percent.

The data further reveals that during the Q2 FY27 period, both revenue and EBITDA for these reporting firms grew by 21 percent. Looking ahead, the Mirae Asset Mutual Fund CIO projects that index earnings will expand by 18 percent in FY27 and 14 percent in FY28, leading to an optimistic view for the Samvat 2083 period.

Why Did It Happen?

The outlook is primarily driven by the financial performance of Indian corporates during the second quarter of the fiscal year. According to Neelesh Surana, the growth in revenue and EBITDA reached 21 percent, while the bottom line, or profit after tax, saw a significant 20 percent increase for the firms that have reported so far.

This performance comes as a substantial portion of the market—80 percent of companies—has already finalized and reported its figures for Q2 FY27. The CIO’s assessment of above-average returns for Samvat 2083 is grounded in these realized growth figures and the subsequent earnings projections for the next two fiscal years, which suggest a continuation of the current momentum.

What Does It Mean for Markets?

The current earnings cycle shows resilience, with index earnings expected to maintain a double-digit growth profile. Specifically, projections sit at 18 percent for FY27 and 14 percent for FY28. This suggests a stable fundamental backdrop for the equity markets as they transition into the new Samvat, supported by the 20 percent PAT growth seen in Q2 FY27.

However, the Neelesh Surana Mirae Asset market view includes a cautionary note for investors to remain selective. Despite the positive growth in revenue and EBITDA of 21 percent, the CIO advises market participants to “find the weak links” within the investment landscape. This indicates that while the broader earnings momentum is positive, individual stock selection remains critical.

What to Watch Next

• The completion of Q2 FY27 earnings reports for the remaining 20 percent of companies to confirm if the 20 percent PAT growth trend holds.
• The realization of the projected 18 percent index earnings growth for the full FY27 period as companies navigate the second half of the year.
• Ongoing performance trends leading into FY28, where earnings are currently forecasted to grow by 14 percent, which will influence the Samvat 2083 returns.

FAQs

1. What is Neelesh Surana’s outlook for Samvat 2083?
Neelesh Surana, the Chief Investment Officer at Mirae Asset Mutual Fund, anticipates above-average returns for Samvat 2083. This outlook is supported by strong corporate earnings growth and positive projections for index earnings over the next two fiscal years.

2. What was the PAT growth for companies in Q2 FY27?
For the companies that have reported their results for Q2 FY27, the profit after tax (PAT) has grown by 20 percent. This growth is accompanied by a 21 percent increase in both revenue and EBITDA.

3. What percentage of companies have reported Q2 FY27 results so far?
As per the data reported on November 09, 2026, roughly 80 percent of companies have disclosed their financial results for the Q2 FY27 period.

4. What is the projected index earnings growth for FY27 and FY28?
Index earnings are projected to grow by 18 percent in FY27. For the subsequent fiscal year, FY28, the projected growth rate for index earnings is 14 percent.

5. Who is the Chief Investment Officer at Mirae Asset Mutual Fund?
Neelesh Surana is the Chief Investment Officer at Mirae Asset Mutual Fund.

6. What was the revenue and EBITDA growth rate for Q2 FY27?
According to the report, revenue and EBITDA have grown by 21 percent for the companies that have reported their Q2 FY27 results.

Source Note and Disclaimer

This article is based strictly on a report disclosed on November 09, 2026, regarding Neelesh Surana’s market outlook and Q2 FY27 earnings analysis. This content is for informational and educational purposes only and does not constitute SEBI-registered investment advice or a recommendation to buy or sell any security.