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11 Nifty50 companies posted net profit growth of more than 50% in Q3FY23

During the October-December quarter of FY23, 34 out of 50 Nifty companies reported positive net profit growth, while 13 reported negative and 3 reported neutral growth.


 11 Nifty 50 companies reported more than 50% growth in their net profit during this period, including Tata Motors, Britannia Industries, Maruti Suzuki, Bharti Airtel, DR Reddy's Laboratories, Coal India, Nestle India, Eicher Motors, SBI, IndusInd Bank and Axis Bank.


Banking sector was the clear winner with several banks reporting their highest-ever quarterly net profit in the December quarter.


 IT sector also delivered a strong performance in the December quarter with TCS posting a 11% year-on-year rise in its net profit.

Auto industry also put out a good showing with Maruti Suzuki reporting 130% jump in its net profit.

Bharti Airtel reported 92% YoY rise in its consolidated net profit to 1,588 crore, aided by better realisation, strong 4G customer additions, and overall strong growth across businesses.

Major steel companies posted a sharp drop in their earnings, owing to higher energy costs and slowing demand, with Tata Steel reporting a consolidated net loss of 2,502 crore.

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performance of Nifty 50 companies.

11 Nifty50 companies posted net profit growth of more than 50% in Q3FY23; check full list

The auto industry put out a good showing, with several companies reporting increases in sales. Maruti Suzuki reported a 130% jump in its net profit in the third quarter of the financial year 2023, beating analyst estimates. Indian IT biggies delivered a strong performance in the December quarter and also offered clarity on the demand scenario, which is not as negative as previously anticipated.

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11 Nifty50 companies posted net profit growth of more than 50% in Q3FY23; check full list

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