Meet the top Nifty50 performers in FY23

Jun 2, 2023

By: Rounak Jain

Credit: Canva

Big boys beat analyst estimates

India’s top listed entities beat analyst estimates, delivering a 21 percent revenue growth while Kotak Institutional Equities estimated it to be around 15 percent.

Credit: Canva

Reliance Industries

India’s largest company led by Mukesh Ambani reported a total revenue of ₹9.05 lakh crore in FY23, with a growth of 27 percent over FY22. Its net profit rose 10 percent in FY23 to ₹66,702 crore.

Credit: BCCL

Adani Enterprises

The Gautam Adani-led Adani Enterprises nearly doubled its revenue in FY23 to ₹1.38 lakh crore from ₹70,433 crore in FY22. It also topped in terms of bottom-line growth, more than tripling its net profit to ₹2,473 crore from ₹777 crore in FY22.

Credit: BCCL

State Bank of India

India’s largest lender State Bank of India continued its dream run, increasing its revenue by 16 percent to ₹4.73 lakh crore, while its net profit grew 57 percent to ₹55,648 crore. SBI is the only second company to report an annual net profit of over ₹50,000 crore, next to Reliance Industries.

Credit: Wikimedia


India’s largest private sector lender HDFC Bank reported a 21 percent rise in its net profit to ₹45,997 crore, making it the third most profitable company in India after Reliance Industries and SBI. Its revenue rose 22 percent to ₹2.05 lakh crore in FY23.

Credit: BCCL

Tata Motors

Thanks to improving performance of its British subsidiary Jaguar Land Rover, Tata Motors staged a bounce back in FY23 with a net profit of ₹2,414 crore as against a loss of ₹11,442 crore in FY22. Its revenue rose 25 percent in FY23 to ₹3.51 lakh crore.

Credit: Tata Motors

Maruti Suzuki

India’s largest car maker came in third place in terms of profit growth, reporting a 118 percent rise in its net profit to ₹8,211 crore in FY23. Its revenue grew nearly 33 percent to ₹1.2 lakh crore during this period.

Credit: BCCL


Indian IT major TCS reported a 10 percent rise in its net profit to ₹42,147 crore in FY23 despite macroeconomic headwinds in its core markets. Its revenue rose 17 percent to ₹2.29 lakh crore during the year.

Credit: TCS


One of the leaders in the private lending space, ICICI Bank reported a 36 percent surge in its net profit to ₹34,037 crore in FY23, while its revenue grew 18 percent to ₹1.86 lakh crore.

Credit: BCCL

Titan Company

India’s largest listed jewellery company Titan reported a 41 percent rise in its revenue in FY23 to ₹40,883 crore, while its profits surged nearly 50 percent to ₹3,250 crore.

Credit: Wikimedia

Bharat Petroleum

Riding the surge in crude oil prices, Bharat Petroleum reported a 36 percent rise in its revenue to ₹4.75 lakh crore, making it the second largest company in India in terms of revenue. However, its net profit shrunk 82 percent to ₹2,131 crore, due to a loss in Q1 FY23 on account of lower margins and a forex hit.

Credit: BCCL

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