For any corporation starting a business, making money is the main goal. We frequently encounter several criteria for investing in a certain stock, such as market capitalization, valuation, and financial ratios, but we often neglect to look at the company's profit, which is the most crucial aspect to take into account when investing in any firm. Share your thoughts at the Write For Us Business and Finance category.
Top Companies
They are-
Reliance Industries Limited
Reliance Industries Limited, which is run by Mukesh Ambani, is the most profitable corporation in India. It has a varied portfolio spanning a number of industries, including oil, gas, retail, banking, digital, and others. With a remarkable increase of over 23% from 49,128 crores in FY21, the company's consolidated net profit in FY22 was 60,705 crores. It was the first Indian business to generate $100 billion in revenue in 2022. RIL's market capitalization as of November 24, 2022, is 16,80,186 crores. Its stock price has increased 13% since the previous year.
Oil and Natural Gas Corporation Limited
The Indian government founded ONGC on August 14, 1956, and it is the largest state-owned enterprise engaged in oil and gas exploration and production. It currently supplies over 84% of India's natural gas and nearly 70% of the country's crude oil needs, which together account for around 57% of the country's total demand.
It is one of India's most profitable enterprises. The consolidated net profit for the fiscal year that ended in March 2022 for ONGC was 45,522 crores, a remarkable increase of 179% from 16,304.40 crores in the prior fiscal year. Consolidated revenue for the corporation increased in FY22 from 369,796 crores to 539,199 crores. Its market capitalization as of November 24th, 2022, is 1,71,721 crores. Over the past year, its stock price has increased by over 5%.
Tata Steel Limited
An international steel corporation based in India is called Tata Steel Limited, a division of the Tata Group. With an annual capacity of 13 million tonnes of steel and other associated products, it is the second-largest steel business in India after SAIL in terms of domestic production. With significant activities in India, the Netherlands, and England, Tata Steel has operations in 26 different nations.
Tata Steel was among the top 10 profitable firms in India with a combined net profit of 40,153 crores in the fiscal year that ended on March 20, 2022. From the $7,490.22 earned in FY21, the net profit in FY22 increased by 436%.
Tata Consultancy Services Limited
One of the biggest IT businesses in both India and the entire world is Tata Consultancy Services, a division of the Tata Group. In 149 offices in 46 countries, it offers consulting and IT services.
It was the first Indian IT business to have a market capitalisation of $100 billion in the year 2018. TCS is usually included on the list of high-profit organisations in India each year. Its market capitalization as of November 24th, 2022, is $12,10,524 crores. TCS's combined net profit for the fiscal year 2022 was 38,327 crores. From the 32,430 crores earned in FY21, the net profit in FY22 increased by almost 18%.
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