Positive outlook

Select sectors have done well

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The results of more than 2,000 listed companies in the fourth quarter (Q4) of 2024-25 indicate improvement in revenue and profit growth. Revenues were up 7.6 per cent year-on-year (Y-o-Y) compared to Q4FY24. Reported profit after tax (PAT) was up 12.7 per cent Y-o-Y and 15.7 per cent quarter-on-quarter (Q-o-Q), while PAT adjusted for one-offs was up 9 per cent Y-o-Y and 13 per cent Q-o-Q. Although the growth rate was not high, this pattern—where PAT growth was higher Q-o-Q than Y-o-Y—can signal a change in the business cycle. Once the volatile petroleum and banking & finance, which recorded moderate performances, are excluded, growth in revenues for other sectors aggregated 9.5 per cent Y-o-Y (7.1 per cent Q-o-Q) with operating profits increasing 18 per cent Y-o-Y and reported PAT 21.4 per cent Y-o-Y.

After adjustment, PAT was up 15.4 per cent Y-o-Y and up 17.6 per cent Q-o-Q. Taxes paid rose 13.9 per cent Y-o-Y and Q-o-Q.