Defensives continue to rock (Nifty Cos performance in 1QFY15)

1. Nifty companies (excluding Sesa Sterlite) consolidated profit growth came at 17.6%. However, if we look at the sector-wise and company-wise growth, it is not so impressive.
2. In Auto Sector, Tata motors posted exceptional performance, while other Auto companies posted flat or negative growth. (Bajaj Auto, HeroMotocorp, M&M and Maruti)
3. Most Cement company's profit fell, only Ambuja cement posted PAT growth of 26%. (Other cement companies ACC, Grasim, Ultratech)
4. In capital goods space, where BHEL fell by more than 50%, L&T profit almost doubled.
5. FMCG companies (HUVR, ITC) posted steady growth.
6. I.T. companies posted very impressive growth (at least 30%). Tech Mahindra is an exception, whose profit fell by 8%.
7. Pharma companies (Dr Reddy,Lupin and Sun Pharma) posted Pat growth more than 50%.
8. Power sector had lack luster performance.
9. Bharti Airtel’s PAT doubled.
10. Banks posted 12% growth in profits.