Corporate revenue and earnings growth stayed sluggish in the second quarter of 2024-25, reflecting a challenging demand environment, according to early bird results for companies.
The net profit (adjusted for exceptional items) of 167 firms - that have come out with their September quarter results- grew just 5 per cent year-over-year (Y-o-Y), flat vis à vis the first quarter of FY25 but sharply lower than the 16 per cent Y-o-Y expansion in the same period last year. These firms in Business Standard's sample posted combined net earnings of ₹90,685 crore for Q2FY25 quarter, compared with ₹87,569 crore in Q1FY25 and ₹86,388 crore a year earlier.
Net sales (gross interest income in case of lenders) grew a modest 7 per cent Y-o-Y in the July-September period - marking the slowest pace in five quarters and barely edging past the post-pandemic low of 6.7 per cent in Q1FY24. Cumulative revenue reached ₹7.4 trillion, up from ₹7.22 trillion in Q1FY25 and ₹6.92 trillion in Q2FY24.
This story is from the October 21, 2024 edition of Business Standard.
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This story is from the October 21, 2024 edition of Business Standard.
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