India’s metal & mining sector has exceeded expectations in Q2 FY26.
Strong Q2 FY26 results, earnings growth, balance-sheet strength and resilient demand, support a constructive view on the sector.
Key insights
- India’s metal and mining sector delivered strong Q2 FY26 results, with solid earnings growth, balance-sheet strength and resilient demand.
- The Nifty Metal Index has delivered 20%+ year-to-date.
- The sector recorded 15% EBITDA growth and 18% PAT growth year-on-year.
- Non-ferrous metals are leading earnings upgrades.
- The performance validates the strategic allocation to metal and mining leaders, identified and initiated in early FY25.
- Care PMS currently holds approximately 15% exposure to metal and mining leaders.
Disclaimer. PMS investments are subject to market risks. Read all the risk factors and disclosures available on the website carefully before investing. This content is for information only and does not constitute a recommendation. Care Portfolio Managers Pvt. Ltd. · SEBI Regn. No. INP000004128.
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