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Behind strong Q2 show, a shallow recovery

Mint Hyderabad

|

November 22, 2025

India Inc’s September-quarter print was shaped by small- and mid-cap outperformance, and sector-specific boosts for oil marketing companies, cement and consumption niches rather than a broad-based demand upturn.

- Abhinaba Saha

India Inc’s September-quarter print was shaped by smalland mid-cap outperformance, and sector-specific boosts for oil marketing companies, cement and consumption niches rather than a broad-based demand upturn.

A benign statistical base and strong non-core income turned healthy operational growth into the strongest net-profit results in nine quarters, Mint’s analysis showed.

An analysis of 3,906 listed companies that had reported earnings as of 19 November revealed that India Inc’s aggregate total income rose 7.5% year-on-year in the September quarter. This was the strongest revenue print in four quarters, while net profit jumped 34%, the highest since the second quarter of fiscal year 2024 (Q2 FY24).

FLERE HISTORIER FRA Mint Hyderabad

Mint Hyderabad

Vienna’s wine culture is organic and biodynamic

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Groww’s CEO sees long growth runway

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Market indices may sport Reits as Sebi eyes liquidity boost

Units of real estate investment trusts (Reits) may soon be counted as equity and join India's stock market indices, as the regulator works to attract larger participation from institutions and improve liquidity in these instruments.

time to read

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Rising stars of mixed-doubles table tennis

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time to read

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How Indian archers hit the bull's-eye

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time to read

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Why selling out has become normalised

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It's a new day for labour

Four consolidated codes advance equal pay for women, gig worker protection, gratuity after a year, health checks

time to read

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Road trippin' through the Deep South in the US

A road trip through Louisiana, Alabama and Tennessee reveals the weight of civil rights history and its contradictions in small-town America

time to read

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