Q2 Results Review: 66% companies see EPS cut, small and midcaps hit hard
Muted sales growth and a drop in profits and margins have been the hallmarks of the second quarter of FY25’s disappointing corporate earnings. Notwithstanding the respectable performance of the Banking, Financial Services, and Insurance (BFSI) industry, non-financial businesses nonetheless confront formidable obstacles. 45% of the 227 companies in the 275-stock JM Financial coverage area have…