Corporate India witnessed robust revenue and profit growth during the two-term tenure of the Manmohan Singh-led government, but the momentum slowed sharply during the first term of the Narendra Modi administration before witnessing a recovery in the post-Covid period.
While the last five years have been a standout period for net profit growth, thanks to margin expansion and a corporation tax cut in September 2019, revenue growth remains muted compared to the Singh years when it was in double-digits.
Listed companies across sectors in Business Standard's sample recorded a compound annual growth rate (CAGR) of 19.3 per cent in net sales (gross interest income for lenders) during FY04-FY14, which decelerated to 7.3 per cent during FY14-FY24. Total net sales increased from ₹10 trillion in FY04 to ₹58.8 trillion in FY14, and further to ₹119.4 trillion in FY24.
Net profit growth, adjusted for exceptional gains and losses, also slowed during the past decade. The CAGR for net profits dropped to 11.6 per cent in FY14-FY24 from 14.1 per cent during FY04-FY14.
هذه القصة مأخوذة من طبعة December 30, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 30, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
WORLD RINGS IN 2025
Fireworks exploded over the Sydney Opera House and Harbour Bridge during New Year's celebrations in Australia. British pop star Robbie Williams led a singalong and Indigenous ceremonies acknowledged the land's first people.
After 2024 Report Card, Ministers Get Ready for Work on New Year's Day
Shreya Jai, Sanjeeb Mukherjee, Dhruvaksh Saha, Harsh Kumar, Subhayan Chakraborty & Sanket Koul
New Year frenzy: Zepto sells over 3K ice packs/hr; grape sales surge on Blinkit
As New Year celebrations began, consumers went all out on quick commerce platforms.
Don't believe the hype on these 3 workplace trends
From a quick glance at 2024's top business headlines, you'd think all companies were pushing return-to-office policies, embracing artificial intelligence and banishing diversity, equity and inclusion programs.
M&M posts sharpest annual rally in 15 yrs
Auto major's stock zooms 73% in 2024
CHOOSING A FINANCIAL ADVISOR Hire early, go for one with experience of multiple market cycles
Hire early, go for one with experience of multiple mkt cycles
₹ Hits Fresh Low, Extends Losing Streak to 7 Years
On Slippery Slope
Primary mkts, the showstopper
IPO BOOM, SIP SURGE, ₹ DECLINE
Marico likely to steal a march on peers in H2FY25
From its lows in mid-November, the stock of consumer major Marico is up about 8 per cent in trade and has outperformed its peers.
Gold set for brightest year since 2010 on rate cuts
Gold prices ended a record-breaking year on a positive note on Tuesday as robust central bank buying, geopolitical uncertainties and monetary policy easing fuelled the safe-haven metal's strongest annual performance since 2010.
