Most Profitable Companies in India in FY 2022-23: Profits are generated by businesses as a result of their operations and strategies. By providing goods or services that meet consumer expectations, businesses make money through sales. Making sure that income generated exceeds costs incurred, such as production, operating, and administrative costs, is how profit is made. A company’s capacity to produce and maintain profitable results is significantly influenced by effective management, competitive advantage, cost control, innovation, and customer happiness.
Ace Equity Data
According to Ace Equity Data, the top 10 Indian corporations made a combined total of Rs 3,56,652 crore in profits for the fiscal year 2023. Notably, Reliance Industries became the top profit-earning company in FY23, producing an amazing Rs 74,131 crore. Below is a compilation of the top 10 companies that amassed profits exceeding Rs 3.5 lakh crore in the fiscal year 2023, as per Ace Equity Data.
Here are the Most Profitable Companies in India in FY 2022-23
Reliance
Mukesh Ambani-owned Reliance posted a net profit of Rs 74,131 crore in FY23 compared to Rs 67,565 crore in FY22. Reliance has a market cap of Rs 16,44,380 crore.
State Bank of India (SBI)
With a market capitalization of Rs 5,11,202 crore, SBI continues its strong presence in the market. In FY2023, State Bank of India (SBI) reported a net profit of Rs 56,558 billion, a significant increase from the net profit of Rs 36,356 billion in FY22.
HDFC Bank
HDFC Bank posted a profit of Rs 46,149 crore in FY2023, beating its FY2022 profit of Rs 38,151 crore. The bank’s valuation of Rs 9,15,874 crore shows the bank’s strong position in the market.
Tata Consultancy Services
Tata Consultancy Services (TCS), part of the Tata Group, is a provider of IT and consulting services. In FY23, TCS posted a net profit of Rs 42,303 crore, showing a net profit of Rs 38,449 crore in FY22. With a market capitalization of Rs 11,76,385 crore, TCS is strengthening its position as a major player in the market.
ICICI Bank
ICICI Bank is a large financial institution headquartered in Mumbai. In FY2023, ICICI Bank posted a net profit of Rs 34,463 crore, a significant increase over its net profit of Rs 25,784 crore in FY22. With a market capitalization of Rs 6,60,486 crore, the bank shows its significant value and presence in the market.
Coal India
Coal India Limited is the world’s largest state-owned coal producer. Coal India posted a net profit of Rs 28,133 crore in FY23, a significant increase over the net profit of Rs 17,387 crore in FY22. With a market capitalization of Rs 1,48,090 crore, the company remains a major player in the market.
Infosys
Narayan Murthy founded Infosys in Pune in 1981. The company is currently headquartered in Bengaluru. Infosys posted a net profit of Rs 24,108 crore in FY23, up from a net profit of Rs 22,146 crore in FY22. The IT giant has a market capitalization of Rs 5,25,849 crore.
ITC
ITC Limited has a diversified presence in various sectors including FMCG, Hotels, Software, Packaging, Paperboard, Specialty Papers and Agriculture. ITC posted a net profit of Rs 19,428 crore in FY23, reflecting an increase in net profit of Rs 15,486 crore in FY22. ITC is establishing itself as a major player in the market with a market capitalization of Rs 5,21,915 crore.
HDFC
HDFC, India’s largest private sector bank by capitalization, is the 10th largest bank in the world by market capitalization as of April 2021. In FY2023, HDFC posted a net profit of Rs 16,534 crore, an increase from a net profit of Rs 15,072 crore. crores in FY22. HDFC has a market capitalization of Rs 4,98,236 crore and continues to strengthen its position as a major player in the market.
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