The country’s largest lender – State Bank of India --  emerged as the most profitable firm after Reliance Industries in FY23, as the lender clocked 41% compounded growth in earnings over the last 3 years.

SBI reported a 57% year on year rise in net profit for the fiscal 2022-2023, aided by higher net interest income & lower provisions. Here’s a look at the top 10 most profitable companies in FY23 as per Bloomberg.

10

JSW Steel

Net Profit in FY22: Rs 20,665 crore

9

Infosys

Net Profit in FY23: Rs 24,095 crore

8

HDFC

Net Profit in FY23: Rs 26,161 crore

7

Coal India

Net Profit in FY23: Rs 28,165 crore

6

ICICI Bank

Net Profit in FY23: Rs 34,037 crore

5

Tata Consultancy Services

Net Profit in FY23: Rs 42,147 crore

4

ONGC

Net Profit in FY22: Rs 45,522 crore

3

HDFC Bank

Net Profit in FY23: Rs 45,997 crore

2

SBI

Net Profit in FY23: Rs 55,648 crore

1

Reliance Industries

Net Profit in FY23: Rs 66,702 crore

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.