Business Standard

Leaders and laggards: Sectors that did well in Q2, and those that didn't

Banking, oil and gas, pharma, tyres, cement, and FMCG (except tobacco) were among sectors to register a good performance for the quarter ended September

Q2 company results
Premium

While there are hopes for improvement in demand going ahead, profitability for many sectors may see some pressure or remain capped as costs are inching up | Illustration by Ajay Mohanty

Krishna KantRam Prasad SahuUjjval Jauhari Mumbai
Banking, oil and gas, pharma, tyres, cement, and FMCG (except tobacco) were among sectors to register a good performance for the quarter ended September. While lenders benefitted from the Supreme Court moratorium on loans, pharma companies gained from a general uptick in demand for medicines and health supplements owing to Covid-19. In contrast, cement and tyres gained from a sharp rise in retail prices of their products and lower input costs. In oil & gas profits got a boost from inventory gains as crude oil prices recovered, but Reliance Industries took a hit because of weak refining margins.

Likewise, FMCG was

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 17 2020 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com