Key Points
MUMBAI: The September quarter of FY25 was the second consecutive three-month period when. showed a single-digit growth in net profits, thanks to the poor showing by companies in the commodities sector..
However, the good news is that the second half of the current fiscal is expected to be better, a report by..
On the other hand, BPCL, JSW Steel, Coal India, IndusInd Bank and Reliance Industries contributed adversely to the earnings, the report said.. "Consumption has emerged as a weak spot, while select segments of BFSI (banking, financial services and insurance) are experiencing asset-quality stress..
"For the MOFSL universe, the earnings upgrade-to-downgrade ratio has turned weaker for FY25 (estimated) as 43 companies' earnings have been upgraded by more than 3%, while 121 companies' earnings have been downgraded by over 3%," the report said...
Net interest margin contracted for several banks as cost pressures persisted amid intense competition for liabilities and continued pressure on CASA (current account, savings account) mix, the report noted...
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