Q4 Results Preview, April 7 -- Earnings challenges that have persisted during 9MFY25 are expected to continue into Q4FY25E, according to a recent report from Nuvama Institutional Equities. The brokerage noted in its report that the revenue growth for its coverage (excluding Oil Marketing Companies (OMCs)) is anticipated to be subdued at around 6% year-on-year, marking the eighth consecutive quarter of low growth.

Furthermore, the weak revenue is impacting margins, resulting in profit growth slowing to just 1% (9MFY25: 6%). Profits are projected to remain sluggish in sectors like cement, FMCG, energy, and autos, while metals, chemicals, pharma, and telecom are forecasted to experience robust growth.

Additionally, the brokerage indicated ...