Covid has made a deep impact on the economy of the whole world, but during this time the health of Indian corporate got better year after year. The epidemic started in 2019 and since then the profits of Indian listed companies have steadily increased to almost three times.
In the October-December quarter, the profits of Indian listed companies are going to break all the previous records. According to data from the Center for Monitoring Indian Economy (CMIE), the average profit of listed companies in the four quarters before the start of the pandemic (2019) was Rs 71 thousand crores. In 2020, these companies earned an average profit of 86 thousand crores per quarter. In comparison, in the first three quarters of 2021 itself, the average profit reached a record level of 2.1 lakh crores per quarter. The results for the fourth quarter so far are even better.
The situation will look better after the December quarter figures come out.
CMIE data shows that the profits of listed companies so far in 2021 have tripled as compared to the pre-Covid situation. According to Mahesh Vyas, MD and CEO, CMIE, the situation will look better after the profit figures of all listed companies for the December quarter.
As of February 4, out of a total of around 4,500 listed companies, only 1,295 have declared their results. They have earned a total profit of Rs 1.66 lakh crore. If the rest of the companies also show the trend of the results so far, then the profit of all the listed companies will go much above Rs 2 lakh crore in the last quarter.
The biggest jump in the profits of finance companies
Finance companies saw a marginal increase in earnings last quarter, but profits grew by more than 61%. The reason was that their net profit margin increased to 12.2% in the December quarter, from 4.5% a year ago.
10-year record broken in profit margin
According to the results for the December quarter so far, the profit margin of the companies was the highest in the last 10 years at 10.1%. Earlier, the profit margin in the July-September quarter of 2010 was 10.5%. Profits have increased more than earnings due to an increase in profit margin.
Companies increased their efficiency whenever they got the opportunity.
Excellent results in challenging conditions are the result of an efficient strategy by Indian companies. He increased his efficiency whenever he got the chance. As a result of this companies are making record profits.
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