Fri, Nov 15, 2024 9:40 AM
Q2 Results Review: 66% companies see EPS cut, small and midcaps hit hard
A Flip by Avya Verma
Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation. We forecast 7.2% growth for calendar year 2024, followed by 6.6% in 2025 and 6.5% in 2026,” the global rating agency said, highlighting that the economy will continue its steady momentum in the July-September quarter. The Indian economy had expanded 6.7 percent in the April-June quarter of 2024.
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The Indian Passenger Vehicle (PV) industry experienced a subdued September quarter, with Original Equipment Manufacturers (OEMs) reporting varied performance in terms of volume growth and margin trajectories. Mahindra & Mahindra outperformed its peers in the Indian passenger vehicle market, with an 18% year-on-year growth in volumes during the second quarter of FY25, amidst a subdued performace.
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The National Financial Reporting Authority (NFRA) is set to consider applying company audit standards to limited liability partnerships (LLPs) at its November 25 board meeting, which may lead to revised standards for LLPs, including specific benchmarks for turnover or capital contribution, to improve transparency and accountability.
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