Business Standard

India Inc's combined net profit in Q4 grew least in last 5 quarters

Companies reported combined net sales of Rs 37.57 trillion in Q4FY24, up from the Rs 35.05 trillion in Q4FY24 and Rs 35.44 trillion in Q3FY24

Q4
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Illustration: Ajay Mohanty

Krishna Kant Mumbai
Listed companies’ combined net profits (adjusted for exceptional gains and losses) were up 11.4 per cent year-on-year (Y-o-Y) in the January-March 2024 (Q4FY24), growing at the 
slowest pace in the last five quarters.
 
For comparison, the combined net profits of 3,327 listed companies in the Business Standard sample were up 17.3 per cent Y-o-Y in Q4FY23 and increased 24.1 per cent Y-o-Y during October-December 2023 (Q3FY24).
 
The companies’ combined net profits climbed to Rs 3.56 trillion in Q4FY24, up from the Rs 3.2 trillion each in Q4FY23 and Q3FY24.
The incremental growth in earnings was driven largely by banks, finance and insurance

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First Published: Jun 02 2024 | 11:25 PM IST

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