In the Q2FY25 reporting season so far, NSE500 aggregate PAT growth (YoY, %) stands at ~6%, driven by IT (~11%) and BFSI (~10%). Profit growth of NSE500 ex-BFSI and IT has turned negative at -0.6%, dragged by Cement & Building Materials and O&G.
Midcap, small cap outperform large caps on margins amid rising input costs
Large-cap firms saw operating margins contract significantly year-on-year. Mid- and small-cap companies experienced lesser margin contractions amid rising costs. These smaller firms also achieved higher