Diversified Sector — Q1 FY25 Earnings Overview
10 companies reported. 5 bullish, 5 neutral, 0 bearish.
Average revenue growth: 8.9%
Sector sentiment: neutral
Aggregate revenue: ₹2,33,868 Cr
Average margin: 5.3%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Bharat Petroleum Corporation | ₹1,28,103 Cr | — | — | bullish high |
| Maruti | ₹33,875 Cr | +9.8% | — | bullish medium |
| Grasim | ₹33,861 Cr | — | — | neutral medium |
| Bajajfinsv | ₹31,480 Cr | +35% | 38.0% | neutral medium |
| TATA CONSUMER PRODUCTS | ₹4,352 Cr | +16% | 15.4% | neutral medium |
| Divislab | ₹2,197 Cr | +18% | — | bullish medium |
| Ongc | — | — | — | neutral medium |
| Sbin | — | — | — | neutral medium |
| Mahindra & Mahindra | — | +10% | — | bullish high |
| SBI Life Insurance Company | — | — | — | bullish high |
Key sector risks this quarter
Ongc · high
OPaL reported PAT loss of INR 983 crore in Q1 FY25; restructuring awaits government clearance, posing downside risk.
Sbin · highDeposit growth of 8.18% YoY trails credit growth of 15.55%, potentially pressuring liquidity and NIM.
Grasim · highPaints business is in investment mode with significant marketing spend; losses expected to continue for at least three years.
TATA CONSUMER PRODUCTS · highNorth Indian tea prices are up 15-20% and coffee prices (Robusta) up ~50% from two quarters ago, which could pressure margins if not passed through.
Divislab · highPersistent price erosion in products like naproxen, gabapentin, and dextromethorphan may continue for 12-15 months due to channel destocking, impacting revenue growth.