The Covid-19 pandemic and the subsequent lockdowns seems to have worked in favour of the listed companies in the country as they saw their average quarterly profit double since the outbreak.
OMCs struck oil with inventory gains. Bharat Petroleum's profits zoomed over 400% y-o-y. Metals and pharma players made merry, dominating the list across tiers in the Fortune 500 rankings.
Reliance Industries was the most profitable Indian company in FY21. The pandemic-driven digitisation spree helped IT, with TCS and Infosys in the Fortune 500 rankings. Banks were key beneficiaries.
Public sector companies, in many ways, are the true jewels of the 500 list, and prove to be the best bets for those who want to earn steady returns on investments in the form of equity dividends.