India Inc's net worth gets big boost from Ind AS

However, 17 firms witnessed a decline of Rs 35,000 crore in their net worth after the transition

The net worth of 55 of BSE top 100 companies rose by Rs 1,34,400 crore following the transition to Indian Accounting Standards (Ind AS), says a report by business consulting firm EY.

However, 17 firm witnessed a decline of Rs 35,000 crore in their net worth after the transition, the report said.

EY performed a review of financial results of BSE top 100 companies that were covered in phase 1 of the transition to Ind AS as per the roadmap issued by the Ministry of Corporate Affairs.

According to the report titled 'Ind AS Transition: Journey of Indian Corporates', 39 companies reported Rs