India Inc Shatters Profit Records: ₹15 Lakh Crore Milestone Achieved in FY25
India’s top 500 companies achieved a record-breaking ₹15 lakh crore in net profit in FY25, driven by strong performances in agriculture, chemicals, and telecom, despite widespread earnings downgrades. While FY26 earnings forecasts have been revised downward, analysts remain optimistic about sectors like defence and telecom, anticipating continued growth and resilience in the face of economic uncertainties.
India’s top 500 companies have smashed past an all-time milestone, raking in over Rs 15 lakh crore in net profit in FY25, a historic high that underscores the resilience of corporate India, even as earnings faced widespread downgrades in the last 4 quarters.
India’s top 500 companies have smashed past an all-time milestone, raking in over Rs 15 lakh crore in net profit in FY25, a historic high that underscores the resilience of corporate India, even as earnings faced widespread downgrades in the last 4 quarters.
India’s corporate sector has achieved a historic milestone in the fiscal year 2024–25 (FY25), with the top 500 companies collectively posting a record-breaking net profit exceeding ₹15 lakh crore. This remarkable achievement underscores the resilience and strength of India’s corporate landscape, especially in the face of widespread earnings downgrades over the past four quarters.
Record-breaking profits: Data from Axis Securities shows that the cumulative net profit of NSE 500 companies rose from ₹10.66 lakh crore in FY23 to ₹15.07 lakh crore in FY25, based on the last four quarters ending Q4FY25. This data covers results of 458 companies.
Sectoral Performance: The surge in profitability was driven by robust performances in sectors such as agriculture, chemicals, telecom, and staples. These industries played a pivotal role in propelling corporate earnings to unprecedented levels.
Contribution of banking sector: Public sector banks have played a key role in this financial boom. The banking sector's income has grown nearly 14 times to ₹3.71 lakh crore in a decade, driven by lending income, treasury profits and lower provisions for non-performing assets. State Bank of India emerged as the most profitable bank with a net income of ₹70,900 crore, followed by HDFC Bank with ₹67,347 crore and ICICI Bank with ₹47,227 crore.
Top Performers: ICICI Bank posted a 15.3% rise in profit to ₹51,029 crore in FY25, with a strong stock performance reflecting a 32% one-year return and an impressive 339% five-year return. Tata Consultancy Services (TCS), India’s leading IT firm, earned ₹48,553 crore in profit, marking a modest 5.8% annual growth.
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