1Q FY25 Nifty PAT grew 4% YoY, with OMCs dampening overall performance; excluding OMCs, Nifty posted a 9% earnings growth.
1Q FY25 Nifty PAT grew 4% YoY, with Oil Marketing Companies dampening overall performance. Excluding OMCs, Nifty posted a 9% earnings growth. Key contributors to Nifty's earnings growth include Adani Enterprises, Apollo Hospitals, Tata Steel, Maruti Suzuki, and Tata Motors. Motilal Oswal forecasts earnings momentum to continue, with moderate growth of 15% expected over FY24-26. Key investment themes include industrials and capex, consumer discretionary, real estate, and PSU banks.
August 16, 2024
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