Q2FY25 review: Weak quarter as Nifty delivers just 4% YoY earnings growth; RIL, BPCL among major drags

India's corporate earnings for Q2 FY25 showed a modest 4% YoY profit growth, slightly surpassing the 3% estimate. This marks the second consecutive quarter of single-digit growth since mid-2020. While key players like SBI, ICICI Bank, and Hindalco boosted earnings, sectors like oil, metals, and energy, including BPCL, JSW Steel, and Reliance, weighed down overall performance, according to MOFSL.