From NDTV
Center-Right Owned by Adani Group (AMG Media)Energy, Utilities And PSU Banks Lead Earnings Beats As Q2 Results Top Estimates: Morgan Stanley
What's behind this
Brokerage estimates project that State Bank of India’s net profit for the September quarter could rise about 45%, falling between ₹23,539 crore and ₹25,250 crore, driven by gains from stake sales and higher income. Morgan Stanley noted that earnings beats in the quarter were led by Energy, Utilities and PSU banks, while profitability lagged in Healthcare.
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right · 2 outlets
Strong revenue growth and higher operating earnings lifted Ajmera Realty & Infra India's September quarter performance.
— NDTV
RSS excerpt
Profitability has been strongest in Energy and Utilities, while it dragged the most in Healthcare, Morgan Stanley underlined.
