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Recently, according to Bloomberg data, the earnings per share (EPS) estimate of Nifty 50 for FY 2025 saw a cut of 10.5 per cent in October alone. Jefferies has reduced earnings estimates of more than 60 per cent of the 98 companies covered by it, which have released their second quarter results. The second quarter of FY 2025 was not good for companies. According to new data from Bloomberg, 86 companies of NSE 200 have faced EPS downgrade in the quarter ended September 2024.
In the second quarter of FY 2025, out of 143 companies covered by NSE 200, EPS i.e. Earning Per Share of 86 companies has been downgraded. It has been said that EPS downgrade has been seen in 66 percent of the companies. EPS of 36 companies has been upgraded while there is no change in the earnings per share of 9 companies. Which companies' EPS downgrade The companies whose EPS has seen the biggest EPS downgrade include JSW Steel downgrade of 24.2 percent, Tata Steel downgrade of 22.26 percent and JSPL downgrade of 10.79 percent. Apart from this, IOC downgrade of 24.09 percent, HPCL downgrade of 19.20 percent and BPCL downgrade of 8.45 percent. Talking about EPS upgrade, GMR airport saw an upgrade of 9.09 percent, DUDCO 7.63 percent, PNB 6.94 percent and Indus Tower 6.93 percent.
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