Four of the 10 largest sectors - oil & gas, automotive, power, and FMCG - saw year-on-year profit declines, while six sectors posted double-digit earnings growth
Analysts attribute BFSI companies' rising share in corporate revenues and profits to this sector's consistent double-digit growth, unlike other sectors of the economy
Generally underwhelming Q2FY25 results pushed the earnings per share (EPS) downgrade-to-upgrade ratio to 2.14, dampening market sentiment.
The sector's stocks fail to shield portfolios in current market selloff
Net sales growth weakest in a year, too; BFSI sector emerges an outlier
Top CEOs see green shoots of growth driven by a slew of new initiatives taken by regulator Irdai and the govt
The benchmark index was down 1.18 per cent on Monday and closed at 78,782 compared to Friday's close of 79,724
A continued slowdown in revenue growth and the recent contraction in profit have created an imbalance between cement companies' earnings fundamentals and market capitalisation
7% top-line growth in Q2 slowest in 5 qtrs; bottom-line expands 5%
A low leverage ratio, such as in 2005-06 and 2014-15, has been followed by a spurt in Tata Sons' equity investment in various listed and unlisted ventures
Tata Sons has however scaled-up dividend pay-out in the post pandemic period in line with a rise in its earnings
Ratan Tata had inherited a profitable and financially robust enterprise, yet the group lacked cohesion and a unified long-term vision
Before embarking on global expansion, Tata pruned and consolidated the group's domestic portfolio, giving particular attention to ventures in the consumer space
Low costs, higher margins may drive sequential pickup in profit growth
Equity market trend attributed to faster growth in India Inc earnings
Apart from trading at a discount to their historic valuation, many companies are industry leaders with superior balance sheets and financial ratios
Numbers for industry show private banks are taking the lead in adding workers and setting up new branches
Valuation re-rating has been much sharper for non-BFSI companies
Promoted by the Bhawanishankar H Sharma family, Mumbai based Supreme Infrastructure has been a loss-making company for a decade now.
Asset prices rally as US bond yields plunge, signalling a global rate reversal