Profit at country's top-10 biz groups grows at 30.6% CAGR to Rs 2.57 trn

Six of the top-10 groups by revenue reported 35%-plus CAGR in combined profits the past three years; gains were led by groups with big play in industrial metals

The past three years have been among the best for India's top business groups in terms of margins and profits. Six of the country's top ten business groups by revenue reported 35 per cent-plus annualised growth in their group profits during these years. The top gainers were groups with a big play in industrial metals such as steel and non-ferrous metals.

The country's ten biggest business groups reported a combined net profit of Rs 2.57 trillion in FY22, having grown at a CAGR of 30.6 per cent from 1.16 trillion at the end of FY19. Tatas topped the earnings league table