Earnings results for the fourth quarter of fiscal year 2016 were in line with expectations according to a report analyzing results from 78 companies in the MOSL Universe and 26 companies in the Nifty 50 index. Aggregate sales and profit after tax growth reached a five quarter high while earnings before interest, taxes, depreciation, and amortization growth reached a seven quarter high, benefiting from lower commodity costs. Margin expansion was seen across most sectors except for metals and technology. The metals, oil and gas, and telecom sectors performed positively compared to past results. The cement sector in particular outperformed on earnings while financial sector results have lagged so far.