How did corporate India perform in the final quarter of 2022-23? | Latest News India - Hindustan Times
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How did corporate India perform in the final quarter of 2022-23?

Jun 27, 2023 11:40 PM IST

India’s GDP grew 6.1% in Q4 2022-23, as per official estimates, higher than the 5.1% forecast in Bloomberg's survey of economists. How did India Inc perform?

An HT analysis of the latest annual financial statements from the Centre for Monitoring Indian Economy (CMIE) Prowess database – it is among the largest databases of corporate performance – sheds more light on this. There are 2,138 non-financial companies in the Prowess database for which quarterly results are available for the last five years. To be sure, this sample pertains to only publicly listed companies and the overall picture may change if data is made available for a larger sample of companies. Here are five things that stand out.

A look at how corporate India performed in the quarter ending March 2023 PREMIUM
A look at how corporate India performed in the quarter ending March 2023

An HT analysis of the latest annual financial statements from the Centre for Monitoring Indian Economy (CMIE) Prowess database – it is among the largest databases of corporate performance – sheds more light on this. There are 2,138 non-financial companies in the Prowess database for which quarterly results are available for the last five years. To be sure, this sample pertains to only publicly listed companies and the overall picture may change if data is made available for a larger sample of companies. Here are five things that stand out.

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  • ABOUT THE AUTHOR
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    Pavitra Kanagaraj is a data journalist. She uses public and private datasets to cover economy, women, and politics. Prior to HT, she did macroeconomic research at UNESCAP and ERF. She co-founded the Rethinking Economics chapter at JNU in 2021.

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