THE second quarter (Q2FY25) earnings season began on a weak note, with the Tata Consultancy Services on Thursday reporting a meagre 5% year-on-year growth in profit after tax (PAT) at ₹11,909 crore.
The bottom line was lower than the street's estimate of ₹12,450 crore. Going ahead, analysts feel the trend will continue as India Inc. had a challenging quarter. A leading brokerage has even predicted that Nifty 50 earnings will grow marginally by just 2% YoY in Q2FY25, marking the lowest growth in 17 quarters.
This story is from the October 12, 2024 edition of The Morning Standard.
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This story is from the October 12, 2024 edition of The Morning Standard.
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