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India Inc’s earnings growth in the quarter ended June 2022 (Q1FY23) was dominated by banking, financial services & insurance (BFSI) companies. On the other hand, sectors like metal & mining, oil-marketing, cement, and IT services were laggards.
BFSI companies together accounted for 48 per cent of the incremental growth in corporate profits on a year-on-year (YoY) basis in the quarter. Below is the earnings scorecard of the 10 biggest sectors in Q1FY23. Krishna Kant & Ram Prasad Sahu give the lowdown.
Automotive
- Barring a few exceptions such as Tata Motors and Sona BLW Precision Forgings, most larger
