Indian companies across various sectors reported significant declines in profits for the second quarter of fiscal year 2024-25, reflecting subdued demand and lower prices. Jindal Steel's net profit fell by 38% year-on-year to Rs 860 crore, while Tata Steel reported a net profit of Rs 759 crore, recovering from a net loss of Rs 6,511 crore in the same period last year. JK Lakshmi Cement faced a net loss of Rs 19 crore, a stark contrast to the net profit of Rs 96 crore reported in Q2 FY24. The company's share price dropped by 3.79% to Rs 770 per share following the earnings announcement. NHPC's net profit declined by 41% to Rs 909 crore despite a 4% increase in revenue, leading to a 4.95% decrease in its share price to Rs 80.34. Indian Cements reported a widening net loss of Rs 240 crore compared to a loss of Rs 81.4 crore in the previous year, with revenues down 17% to Rs 1,017 crore. The overall trend indicates a challenging environment for these companies amid falling prices and demand.