India Inc's earnings recovery signals double-digit growth in next 2 years

The latest trend is in sharp contrast to the sombre mood in corporate board rooms at the end of FY20, when India was in the middle of one of the world's most draconian Covid-19 lockdowns

It was never expected to play out like this, but the post-lockdown rebound in the economy and corporate earnings has rekindled hopes of a new cycle of growth for India Inc. The quarterly net profit of the top listed non-financial companies in the last two quarters has been among the highest-ever, with the recovery in earnings being quite broad-based.

BS1000 is the listing of the country’s top non-financial companies. The listing excludes banks, non-bank lenders, insurance firms, brokerages and credit rating agencies.

The latest trend is in sharp contrast to the sombre mood in corporate board rooms at the end