Nifty companies see marginal 4% rise in profits in Q2

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Times of India 7h ago

Nifty companies see marginal 4% rise in profits in Q2 - Times of India

Quick Summary:

Nifty 50 companies reported single-digit net profit growth for the second consecutive quarter in Q2 FY25, primarily due to weakness in the commodities sector.

However, the second half of the fiscal year is expected to show improvement driven by government spending and improved rural demand.

Five of these companies - SBI, Hindalco, ONGC, ICICI Bank, and Axis Bank - contributed 140% of the incremental annual accretion in earnings.