In the second quarter of fiscal year 2025 (Q2FY25), corporate earnings across various sectors have shown mixed results. The banking sector, particularly Axis Bank, ICICI Bank, Kotak Mahindra Bank, and HDFC Bank, has been a focal point of analysis. Earnings from the banking sector contributed significantly to overall performance, with BFSI, construction, and infrastructure driving 58.2% of sectoral earnings. While sectors such as oil & gas, automotive, power, and FMCG reported profit declines, others like construction, pharma, and IT software experienced double-digit growth. Additionally, the S&P 500 is projected to report a year-over-year earnings growth of 12% for Q4, marking the highest growth rate for the index in three years, with eight sectors expected to show positive earnings growth. This reflects a broader trend where approximately 60% of S&P 500 companies are now reporting positive earnings per share (EPS) growth, up from about 50% in the first quarter of 2023.