Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
India Inc's Q2 numbers show growing dependence on BFSI
Business Standard
|November 19, 2024
Sector's share in profits hits 38.2% in the quarter, the highest since 2012
Corporate India now seems more dependent than earlier on a good showing by the banking, financial services and insurance (BFSI) sector to prop up overall earnings, with the sector's share in India Inc profits reaching 38.2 per cent in the July-September 2024 quarter (Q2FY25), the highest since 2012.
This was also significantly higher than the sector's 23.6 per cent average contribution to overall corporate profits in the past 10 years, excluding the Covid-19 period, when the BFSI share rose sharply amid a shutdown of most non-financial economic activities.
For context, the sector had accounted for 57.2 per cent of all corporate profits in the April-June 2020 quarter (Q1FY21).
During Q2FY25, while the combined profit of the sector rose 15.3 per cent year-on-year from ₹1.08 trillion to ₹1.24 trillion, that of non-BFSI companies declined 4.2 per cent Y-o-Y from ₹2.1 trillion to ₹2.01 trillion.
Denne historien er fra November 19, 2024-utgaven av Business Standard.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Business Standard
Business Standard
Govt may do away with exception for small cars in CAFE 3 norms
Formula tweak under discussion to set lenient targets for vehicles weighing less than 1,299kg
3 mins
January 22, 2026
Business Standard
US won't use force to take Greenland: Trump in Davos
US President Donald Trump on Wednesday said America will not use force to take Greenland and stressed that only America can protect the mineral-rich island, which is at the centre of escalating geopolitical tensions with Europe.
2 mins
January 22, 2026
Business Standard
Rise in land area transacted in '25 despite dip in transaction number
India witnessed an increase in the land area transacted in 2025, with real-estate developers closing a lesser number of deals but acquiring larger land parcels compared to the previous year, according to a report by Anarock.
1 min
January 22, 2026
Business Standard
Sensex EPS growth at its weakest in nearly 5 yrs
Accordingto analysts, thishad created a wedge between index underlying earnings, its valuation, and the index movement.
1 mins
January 22, 2026
Business Standard
Niti suggests ₹13K cr schemes for MSME decarbonisation
Proposes ₹6,000 crore for viability gap funding and 7,000 crore for anew PM-Suryaghar-like scheme
2 mins
January 22, 2026
Business Standard
Dr Reddy’s profit down 14% on low Lenalidomide US sales
Pharma major Dr Reddy’s Laboratories (DRL) reported a 14 per cent year-on-year (Yo-Y) drop in consolidated net profit to ₹1,210 crore in the December quarter of FY 2025-26 (Q3FY26) on low sales of cancer drug Lenalidomide in the North American market.
1 mins
January 22, 2026
Business Standard
Matter to unveil 2 new e-mobikes in 2 years
Electric motorcycle (e-mobike) maker Matter Motor Works plans to launch two new e-mobikes over the next two years, its Founder and Chief Executive Officer (CEO) Mohal Lalbhai said on Wednesday, adding that the company is also looking to invest around $150 million over the next two to three years.
1 min
January 22, 2026
Business Standard
India flags ‘huge mountain of debt’ in developed nations as matter of concern
INDIA AT DAVOS
2 mins
January 22, 2026
Business Standard
Water ‘bankruptcy' era has begun for billions, say scientists
A new era has begun of “global water bankruptcy,’ with humans depleting freshwater systems to the point they can’t recover, according to a new United Nations report.
2 mins
January 22, 2026
Business Standard
EU 'fully prepared' to hit back over Trump's Greenland tariffs, threats
The European Union (EU) is ready to strike back at US President Donald Trump over his tariff threats as he seeks to take Greenland, European Commission President Ursula von der Leyen said, toughening her rhetoric against the US president.
3 mins
January 22, 2026
Listen
Translate
Change font size