In what could well be a defining moment for India Inc., cumulative profits of listed companies in India could well cross ₹3 lakh crore for a record straight third quarter in Q3FY24. Net profit of all listed companies had first crossed the ₹3 lakh crore mark in the June quarter (Q1) of FY24, and continued to stay above the threshold in the second quarter as well.
Given that the combined profit of only 547 listed companies (which have declared their Q3 numbers as of January 25) has hit ₹2.98 lakh crore, it’s quite possible that for the third straight quarter, profits will stay above the record mark. If the trend continues into the fourth quarter as well, it will signal a new chapter in India’s growth story. While these are still early days, for now the momentum seems to be in India Inc.'s favour.
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