Over 2,000 firms saw 7.6% revenue and 12.7% PAT growth YoY
QoQ PAT rose 15.7%, hinting at a business cycle shift
Ex-oil & BFSI:
Revenue up 9.5% YoY, Adjusted PAT up 15.4% YoY and 17.6% QoQ
Oil dragged by weak prices; PAT -2% YoY, but +19% QoQ
Banks saw low PAT growth due to tax spike
Infra PAT surged 95% YoY; capital goods +22% QoQ
Logistics, cement, pharma outperformed
IT & FMCG faced margin pressure
Auto weak; 2-wheelers did better than 4-wheelers
Consumption tepid, but industry-led revival likely
Global headwinds remain, but outlook improving