Reliance Industries has emerged as India's most profitable listed company in FY24 with an annual profit (PAT) of Rs 78,633 crore, marking a 7% increase from the previous year. State Bank of India is the second most profitable, with a PAT of Rs 68,138 crore, a 20% rise from FY23. HDFC Bank ranks third, reporting a 42% surge in annual profit to Rs 65,446 crore, with a market cap of Rs 12.91 lakh crore. Tata Consultancy Services holds the fifth position with a PAT of Rs 46,099 crore, up 9%, and a market cap of Rs 14.23 lakh crore. ICICI Bank, the sixth most profitable, recorded a 31% profit growth to Rs 45,006 crore and has a market cap of Rs 8.58 lakh crore. Other notable companies include Indian Oil Corporation with a 284% increase in profit to Rs 41,615 crore, a market cap of Rs 2.31 lakh crore, and an 83% stock return, and Oil & Natural Gas Corporation with a 61% profit growth to Rs 54,705 crore, a market cap of Rs 3.37 lakh crore, and a 70% stock return. Coal India reported a PAT of Rs 36,942 crore with a 108% stock surge, Life Insurance Corporation of India (LIC) had a PAT of Rs 36,844 crore with a 61% stock surge, and Tata Motors posted a PAT of Rs 31,107 crore with a 70% stock surge.
THIS giant HIGHEST gainer as top 9 firms add Rs 2.89 lakh crore in market cap - Details https://t.co/a7pB95dAZY
State Bank of India's valuation rallied Rs 11,111.14 crore to Rs 7,57,565.68 crore. The mcap of Hindustan Unilever went up by Rs 7,953.37 crore to Rs 5,81,570.83 crore and that of ITC climbed Rs 6,616.91 crore to Rs 5,30,475.82 crore.
The market valuation of Infosys climbed Rs 14,656.3 crore to Rs 6,50,602.10 crore and that of HDFC Bank zoomed Rs 13,808.74 crore to Rs 12,80,865.43 crore.
The mcap of ICICI Bank soared Rs 30,286.99 crore to Rs 8,44,201.88 crore and that of Bharti Airtel surged Rs 18,267.7 crore to Rs 8,22,530.35 crore.
The market capitalisation (mcap) of Reliance Industries jumped Rs 1,52,264.63 crore to Rs 21,18,951.20 crore. TCS added Rs 34,733.64 crore taking its valuation to Rs 14,12,845.09 crore.
M-Cap Of Nine Of Top-10 Most Valued Firms Jumps ₹ 2.89 Lakh Crore https://t.co/R4o8lAuuXf
Nine of the top-10 most valued firms together added Rs 2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities. https://t.co/j41ozVBwtX
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#EarningsWithMC | @ICICIBank surpassed $100-billion valuation mark, becoming 15th largest lending entity globally. 🏦 More details below 👇 https://t.co/JLBwEtzmhb #ICICIBank #Banks #JPMorgan
#EarningsWithMC | @ICICIBank surpassed $100-billion valuation mark, becoming 15th largest lending entity globally. 🏦 @anishaak brings you more details 👇 https://t.co/bqdLvU7GZo #ICICIBank #Banks #JPMorgan
Coal India (PAT Rs 36,942 crore), Life Insurance Corporation of India (PAT Rs 36,844 crore), and Tata Motors (PAT Rs 31,107 crore) are the other most profitable companies in this list. These stocks have surged 108%, 61%, and 70% respectively in the past 12-month period.
Indian Oil Corporation: This petroleum sector PSU has recorded Rs. 41,615 crore profit in FY24. Its PAT has increased 284% from Rs 10,842 crore in the previous year. The stock has the latest m-cap of Rs 2.31 lakh crore and has given an 83% return in the 12-month period.
#ICICIBank is in the sixth spot with PAT of Rs. 45,006 crore. It has recorded 31% annual profit growth from Rs 34,463 in FY23. The second largest private lender has the latest m-cap of Rs 8.58 lakh crore while the stock has gained 31% in the 12 months.
Tata Consultancy Services: The crown jewel of the Tata group, #TCS is ranked fifth in this list of India’s most profitable companies. Its PAT has jumped 9% to Rs 46,099 crore in FY24. While this stock has given a 23% return in one year and the latest m-cap of Rs 14.23 lakh crore.
Oil & Natural Gas Corporation: This petroleum sector PSU has posted a 61% profit growth with PAT of Rs 54,705 in FY24. The stock has jumped 70% in the past 12 months and has an m-cap of Rs 3.37 lakh crore.
#HDFCBank: This is at the third spot with its annual profit surging 42% to Rs 65,446 crore in FY24. This private sector lender has the latest m-cap of Rs 12.91 lakh crore, while the stock has given a 2% return in the 12-month period.
State Bank of India: India’s largest public sector lender #SBI, with PAT of Rs 68,138 crore, is the second most profitable company. Its profit has jumped 20% from Rs. 56,558 crore in the previous year.
#Reliance Industries: Billionaire Mukesh Ambani-led Reliance Industries, with an annual PAT of Rs 78,633 crore, has emerged as India’s most profitable listed company in FY24. Its PAT has increased 7% from Rs. 73,646 in FY23.