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How India Inc. lost its non-core swag in September quarter

Mint Chennai

|

November 05, 2025

In the absence of these gains, net profit growth has slowed to a four-quarter low of 7.5% year-on-year, with sequential profits down 6.5%, extending a 3% decline in the June quarter, as per the Mint analysis.

How India Inc. lost its non-core swag in September quarter

BFSI sector defied this “two-speed” pattern.

(ISTOCKPHOTO)

Aggregate profit after tax (PAT) for 551 companies is ₹2.12 trillion.

The banking, financial services and insurance (BFSI) sector defied this "two-speed" pattern, by weakening on both fronts.

A separate Mint analysis of 124 BFSI firms from the sample found that both core and non-core income fell to their lowest levels in nine quarters, indicating stress across operating and treasury lines.

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