India Inc’s profit vaults in H1 FY22

Corporate India came up with resounding performance in the first six months of FY22. Data for 3,880 listed companies suggests topline jumped 34% to ₹54.56 lakh crore against ₹40.68 lakh crore in the corresponding period last fiscal. Net profits, however, more than doubled for this set of companies, with profit after tax surging 133% from ₹2.01 lakh crore to ₹4.71 lakh crore. But what is notable is that 351 companies from the Fortune 500 2021 list made up for 82% of the cumulative topline in H1FY22 and 91% of cumulative profit. That speaks volumes about the clout of the Fortune 500 universe as the remaining 3,529 listed companies made up for ₹10.35 lakh crore of revenues, and ₹42,352 crore of profits. The impact of Omicron on Q3 and Q4 numbers remains a big question mark though.