Q2 FY25 Earnings

EPS surpriseProfit growth (YoY)Sales growth (YoY)Profit (₹ Cr)Revenue (₹ Cr)

#	Company	Profit (₹ Cr)	Sector	Revenue (₹ Cr)	Profit (₹ Cr)
🥇	SBIN State Bank of India	20,565	Financial Services	—	20,565
🥈	RELIANCE Reliance Industries Ltd	19,323	Petroleum Products	2.32 L Cr	19,323
🥉	JG — Jain Granites & Projects India Ltd	18,627	—	—	18,627
4	HDFCBANK HDFC Bank Ltd	18,627	Banks	—	18,627
5	ICICIBANK ICICI Bank Ltd	13,906	Banks	—	13,906
6	AT — Apeejay Tea Ltd (Merged)	11,955	—	64,259	11,955
7	TCS Tata Consultancy Services Ltd	11,955	Information Technology	64,259	11,955
8	ONGC Oil & Natural Gas Corpn Ltd	9,841	Oil & Gas	1.59 L Cr	9,841
9	LICI Life Insurance Corporation of India	7,723	Insurance	2.31 L Cr	7,723
10	AXISBANK Axis Bank Ltd	7,436	Banks	—	7,436
11	PFC Power Finance Corporation Ltd	7,215	Financial Services	—	7,215
12	INFY Infosys Ltd	6,516	Information Technology	40,986	6,516
13	COALINDIA Coal India Ltd	6,275	Energy	31,182	6,275
14	VEDL Vedanta Ltd	5,603	Commodities	37,634	5,603
15	BANKBARODA Bank of Baroda	5,405	Banks	—	5,405
16	NTPC NTPC Ltd	5,380	Power	44,706	5,380
17	ITC ITC Ltd	5,054	FMCG	19,990	5,054
18	KOTAKBANK Kotak Mahindra Bank Ltd	5,044	Banks	—	5,044
19	UNIONBANK Union Bank of India	4,751	Financial Services	—	4,751
20	PNB Punjab National Bank	4,739	Banks	—	4,739
21	HCLTECH HCL Technologies Ltd	4,237	Information Technology	28,862	4,237
22	CANBK Canara Bank	4,227	Banks	—	4,227
23	RELINFRA Reliance Infrastructure Ltd	4,195	Power	7,258	4,195
24	BAJAJFINSV Bajaj Finserv Ltd	4,180	Financial Services	33,704	4,180
25	VC — Vishwakarma Cements Ltd	4,153	—	41,473	4,153

About the Q2 FY25 leaderboard

What does the Q2 FY25 earnings leaderboard rank?

Companies ranked on one measure at a time — EPS surprise against consensus, profit growth, revenue growth, or absolute profit and revenue. Ranking is computed over every company that reported the quarter, not just the ones on the first page of the grid.

Which companies can appear in the EPS surprise ranking?

Surprise is measured against an analyst estimate, and none was available for this quarter.

Is a large percentage growth figure always a good result?

No. A company recovering from a very small base can post several hundred percent growth on a modest absolute gain, which is why absolute revenue and profit are shown beside the growth figure. Growth measured from a loss-making base is excluded entirely rather than published as a large number.

Why do some Q2 FY25 growth figures show "n/a" instead of a percentage?

Growth is left blank whenever the comparison period was not profitable. A percentage change measured from a loss is arithmetic without meaning — a swing from a ₹10 crore loss to a ₹10 crore profit is not "200% growth", and publishing it as such would flatter the company. The reported figures for both periods are still shown, so the change is there to read directly.

Does the beat/miss verdict cover every company?

No analyst consensus was available for Q2 FY25, so no beat/miss verdict is shown. Revenue and profit growth are taken from reported results and cover every company in the table.

What counts as an in-line result rather than a beat or a miss?

Reported earnings per share within ±2% of the consensus estimate. The band is set there because a tighter one classifies rounding as news, and a wider one swallows surprises that genuinely moved a stock.

Are the figures consolidated or standalone?

Consolidated where a company reports on that basis, standalone otherwise, with all money in ₹ crore. Figures are as filed by the company with the exchanges (NSE/BSE); they are not restated or adjusted.

Figures are as reported by companies in their quarterly filings to the exchanges (NSE/BSE), in ₹ crore. Consolidated results are shown where a company reports them, otherwise standalone. Year-on-year and quarter-on-quarter growth is omitted where the comparison period was loss-making, since a percentage change from a negative base is not meaningful. Analyst consensus is an estimate, not a forecast of outcome.