How did corporate India perform in the final quarter of 2022-23?

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