The financial year 2024–25 saw a strong performance from Indian corporates, with public sector undertakings and major private players recording massive net profits. Leading the list are banking giants and state-owned firms, four of which feature in the top ten. Net profit, the amount a company retains after all expenses, remains a key indicator of corporate health.
1. State Bank of India (SBI)
Net Profit: ₹77,561 crore
India’s largest public sector bank leads the chart, backed by a 31% CAGR in net profit over five years.
2. HDFC Bank
Net Profit: ₹70,792 crore
The top private sector lender ranks second, with a steady 21% CAGR in net profit between FY21 and FY25.
3. Reliance Industries
Net Profit: ₹69,648 crore
India’s biggest conglomerate not only achieved over ₹10 lakh crore in net worth but also reported nearly ₹9.8 lakh crore in annual revenue.
4. ICICI Bank
Net Profit: ₹51,029 crore
For the first time, ICICI Bank crossed the ₹50,000 crore mark, overtaking TCS in annual net profit.
5. Tata Consultancy Services (TCS)
Net Profit: ₹48,553 crore
Despite being a top IT exporter, TCS recorded the slowest net profit growth—just 8.5% CAGR over five years.
6. Life Insurance Corporation of India (LIC)
Net Profit: ₹48,320 crore
The country’s largest insurer improved its bottom line significantly from ₹39,031 crore in the previous year.
7. Oil and Natural Gas Corporation (ONGC)
Net Profit: ₹36,226 crore
Despite a 26% drop in profit, ONGC stayed in the top ten, though slipping from last year’s fourth place.
8. Coal India
Net Profit: ₹35,358 crore
India’s top coal producer continued solid growth, with a 16.2% CAGR in net profits over five years.
9. ITC
Net Profit: ₹34,747 crore
The FMCG major surged back into the top ten after a 70% rise in profit compared to the previous fiscal year.
10. Bharti Airtel
Net Profit: ₹33,556 crore
Airtel rounded off the list with strong gains in revenue and EBITDA, and an EBITDA margin reaching 44.2%.
These top performers highlight the strength of India’s banking sector, state-owned firms, and diversified giants like Reliance and ITC.
