Nifty50 firms' profit may rise 24.8% in Q2, metal & mining will dominate

Index companies in non-cyclical space, other manufacturers likely to report 0.3% YoY decline in net profit

Brokerages expect another quarter of strong earnings growth for India's top listed companies, with the combined net profit of the Nifty50 companies likely to rise 24.8 per cent year-on-year (YoY) in the September quarter of FY22. Earnings growth is expected to be led by metals & mining companies (earnings up 209 per cent YoY), banks & financials (up 25 per cent), and oil & gas (up 17 per cent).

The index companies in the non-cyclical sector and other manufacturers may, however, report a 0.3 per cent YoY decline in their combined net profit in the second quarter. This, according to analysts,