Diversified Sector — Q2 FY24 Earnings Overview
11 companies reported. 8 bullish, 3 neutral, 0 bearish.
Average revenue growth: 6.4%
Sector sentiment: bullish
Aggregate revenue: ₹3,27,76,43,61,508 Cr
Average margin: 3.5%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Coalindia | ₹3,27,76,41,00,000 Cr | — | — | bullish high |
| Bharat Petroleum Corporation | ₹1,65,995 Cr | — | — | bullish high |
| Maruti | ₹35,535 Cr | +24.5% | — | bullish high |
| Grasim | ₹30,221 Cr | +10% | — | neutral medium |
| Bajajfinsv | ₹26,023 Cr | +25% | 38.0% | bullish high |
| TATA CONSUMER PRODUCTS | ₹3,734 Cr | +11% | — | bullish high |
| Ongc | — | — | — | neutral medium |
| Sbin | — | — | — | bullish high |
| Ntpc | — | — | — | bullish high |
| Divislab | — | — | — | neutral medium |
| SBI Life Insurance Company | — | — | — | bullish high |
Key sector risks this quarter
Ongc · high
The Special Additional Excise Duty (SAED) on crude oil is revised every fortnight, creating uncertainty in realizations and impacting profitability.
Grasim · highInternational brands continue to hold elevated inventories, suppressing demand for VSF and VFY; recovery timeline remains uncertain.
Coalindia · mediumMCL's Basundhara coal field faced a 26-day stoppage due to land compensation disputes, impacting production.
Coalindia · mediumManagement acknowledged daily rake shortages of 5 rakes in SECL and MCL, constraining dispatches.
Coalindia · mediumE-auction premiums have been volatile, ranging from 50-60% to 90%, dependent on demand and import prices.