Profit at country's top-10 biz groups grows at 30.6% CAGR to Rs 2.57 trn
- IBEF
- July 4, 2022
In terms of margins and profitability, the last three years have been among the finest for India's major corporate organisations. Six of the top ten corporate groups in the nation by sales reported group profits that increased by more than 35% annually over these years. Groups that heavily invest in industrial metals like steel and non-ferrous metals were the top gainers.
The 10 largest corporate groups in the nation recorded a total net profit of Rs. 2.57 trillion (US$ 32.53 billion) in FY22, up from Rs. 1.16 trillion (US$ 14.68 billion) at the end of FY19 at a CAGR of 30.6%. With overall profits of Rs. 74,540 crore (US$ 9.43 billion) in FY22, Tatas led the league table for earnings, followed by Reliance Industries Rs. 60,776 crore (US$ 7.69 billion), and JSW Group Rs. 22,547 crore (US$ 2.85 billion).
The Adani Group (44.9% CAGR rise in group profits), the AV Birla Group (41.3% CAGR), and Vedanta are three other leading business groups with greater growth in earnings over the past three years (35.2%). The Vodafone Idea joint venture between the AV Birla group and Vodafone Plc in the UK is not included in the group figures.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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