India Inc’s profit vaults in H1 FY22

/ 1 min read

Topline of 3,880 listed companies jumped 34% to ₹54.56 lakh crore, but their cumulative profits after tax surged 133% from ₹4.71 lakh crore.

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This story belongs to the Fortune India Magazine February 2022 issue.

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.

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