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Nifty reports single-digit earnings growth for second consecutive quarter

Nifty companies reported a 4% year-on-year profit growth in Q2, marking the second consecutive quarter of single-digit growth, driven by SBI, Hindalco, ONGC, ICICI Bank, and Axis Bank. However, underperformance from BPCL, JSW Steel, and others offset gains, with consumption and asset-quality stress in BFSI sectors noted as weak spots. FY25 earnings projections have been downgraded by 7%, with a mere 5% growth expected, the weakest since FY20.
Moneycontrol
JSW Steel Limited BPCL Bharti Airtel Limited Axis Bank Limited Reliance Industries Limited Hindalco Trent Tech Mahindra Limited Asian Paints Limited IndusInd Bank Limited Tata Motors Limited Coal India Limited ICICI Bank Limited SBI ONGC UltraTech Cement Limited IND ICICI Bank Axis Bank Hindalco SBI ONGC Show more
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09:58 17.11.2024
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