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ā¢ The earnings season for India Inc.'s second quarter of fiscal year 2023-24 has concluded, with a 9% YoY increase in aggregate revenue and a 20% YoY surge in profits for Nifty50 companies.
ā¢ The standout feature of this earnings season has been the expansion of margins by 694 basis points YoY, reaching a remarkable 30.14% for the quarter.
ā¢ The positive outlook for sectors such as banking, automobiles, cement, capital goods/EPC, and pharmaceuticals positions India Inc. for sustained growth in the coming years.