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Commodities spur India Inc's Sep qtr showing; other key sectors struggle

Other key sectors such as IT Services, FMCG, Banking and Power however continue to struggle with low single digit growth in revenues and earnings

Q2 result
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Earnings of companies other than BFSI grew to around ₹2.3 trillion in Q2FY26 from around ₹2 trillion a year ago but a decline from around ₹2.44 trillion in Q1FY26. | Illustration: Ajaya Mohanty

Krishna Kant Mumbai

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Companies’ growth in earnings during July-September (Q2FY26) went up, but the increase was led largely by producers of commodities. 
Earnings for the rest of India Inc worsened during the quarter with a further slowdown in revenues and profit growth. 
Net profits of all 2,647 listed companies that declared their results for the quarter were up 10.8 per cent, the best in the last six quarters. 
Companies excluding banks, financial services and insurance (BFSI) performed even better with 15.3 per cent year-on-year (Y-o-Y) growth in their combined earnings in the second quarter, the best since Q3FY24. 
However, net profits of companies