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
Order routing gets smarter, but adoption doesn’t
Colocation gains further ground in cash trading with 44% value share
1 mins
April 24, 2026
Business Standard
Airlines in no hurry to move to Navi Mumbai airport: A-I
Air India Group told the Airports Economic Regulatory Authority of India (Aera) that airlines may not be inclined to shift operations from Mumbai’s existing airport to the newly inaugurated Navi Mumbai International Airport (NMIA), citing higher tariffs, inadequate road and Metro connectivity, and increased costs from split operations.
1 mins
April 24, 2026
Business Standard
India builds a China-light Apple supply chain
Apple Inc's global supply chain is undergoing a fundamental shift across India and Vietnam -the two countries where the Cupertino-headquartered company has a major play.
2 mins
April 24, 2026
Business Standard
Markets slide as Brent crude goes past $100 per barrel
Hormuz bottleneck and frozen US-Iran talks revive global risk fears
1 mins
April 24, 2026
Business Standard
GST rate cuts = demand boost?
The impact of rate cuts on consumption appears to be more nuanced than widespread
4 mins
April 24, 2026
Business Standard
‘AI is a massive opportunity’
Nasscom on Thursday announced appointing Srikantth Velamakanni, cofounder and group chief executive of Fractal, its chairperson.
2 mins
April 24, 2026
Business Standard
India may hand over Chabahar port reins to Iranian entity
Days ahead of the expiry of an extended US sanctions waiver on India's operations at Chabahar Port, India is moving to divest its stake in the strategic port to an Iranian entity, according to people aware of the developments.
2 mins
April 24, 2026
Business Standard
Chasing the monsoon amid farm worries
While agriculture ministry is planning contingency measures after a below-normal monsoon forecast, there’s a view that the overall impact of low rains on the farm sector may be much less than earlier due to a variety of reasons
6 mins
April 24, 2026
Business Standard
Regret Maps flub, proudest of Apple Watch: Cook
He pushed into new areas, like larger and smaller iPads, more types of iPhones, and AirPods, as CEO
2 mins
April 24, 2026
Business Standard
Bombay HC allows Rodtep benefits to sugar firms
The Bombay High Court has ruled that sugar shipments made with specific government permission and allocated quotas remain fully eligible for Remission of Duties and Taxes on Exported Products (Rodtep) benefits, even if the export policy for the commodity was subsequently changed to “restricted”.
1 mins
April 24, 2026
Listen
Translate
Change font size