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Q3 FY25 results review: Little to cheer for in early-bird showing

RIL provides silver lining in otherwise lacklustre results by non-financial firms

early-bird results for Q3FY25
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early-bird results for Q3FY25

Krishna Kant Mumbai

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There is little to cheer in the early-bird results for Q3FY25 and the numbers suggest a continued slowdown in corporate revenues and earnings growth.
 
The overall numbers for non-financial firms were, however, boosted by an earnings recovery by Reliance Industries Ltd (RIL) after a contraction in the three previous quarters.
 
The companies in banking, non-banking financial services and insurance (BFSI) once again outperformed the rest of India Inc with double-digit growth in earnings and revenue in Q3FY25 while the non-BFSI sector reported single-digit growth for the eighth consecutive quarter.
 
The performance of the non-BFSI segment was impacted by a slowdown