The last four years, the best for corporate profits in a long time, have not been as impressive for corporate capital expenditure.
The combined net profits of India's top listed companies excluding banks, financial services, and insurance (BFSI) increased at a compound annual growth rate (CAGR) of 32.4 per cent since FY20, a sharp jump from the 7.4 per cent in corporate earnings between FY14 and FY19.
However, this didn't translate into corresponding growth in corporate investment in fixed assets such as plant and machinery.
The combined net fixed assets including capital work in progress of the non-BFSI companies in the Business Standard sample grew at a CAGR of 8.6 per cent during FY20-24, slightly more than the 8.5 per cent in fixed assets during FY14-19. (See the adjoining charts.)
Denne historien er fra September 10, 2024-utgaven av Business Standard.
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Denne historien er fra September 10, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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