High prices of commodities yet to hit India Inc's overall profits

Combined net profit of 42 Nifty50 companies increases 19.2% YoY in Q2

High prices of commodities and energy have led to a sharp decline in corporate margins across sectors but they are yet to affect India Inc’s overall profits.

The combined net profits of 42 Nifty50 companies that have declared their results for Q2FY22 were up 19.2 per cent year-on-year (YoY) and reached a record high of Rs 1.12 trillion, up from the Rs 94,000 crore a year ago and the Rs 95,750 crore in the Q1FY22 quarter.

The double-digit growth rate in earnings came despite a 35 per cent YoY decline in the combined net profits of consumer goods companies in the second