India's corporate earnings for the second quarter of FY25 reflect a mixed performance, with 48% of NSE100 companies missing estimates, the highest rate since March 2020. This downturn has led to downgrades in profit growth projections, as evidenced by the National Stock Exchange (NSE) reporting a 57% increase in net profit to Rs 3,137 crore for the July-September period, alongside a 24% rise in revenue. Conversely, Sundaram Finance reported a 7.2% decline in net profit to Rs 340.09 crore, despite a 15.8% increase in net interest income, which stood at Rs 562.5 crore. The NSE's performance contrasts with broader market weaknesses, as analysts note that the markets have not fully adjusted to the economic slowdown.