In this article, we have brought the top 10 companies that earned the highest profits from October 2019 -2020 in the (listed) share market. In this article, we will also tell you the return delivered by these companies to their shareholders from 1 January 2020 to 31 December 2020. For net profit calculation, we have used Trailing Twelve Month numbers.
10 companies that earned the highest profits from October 2019 -2020 in the (listed) share market
Let's start today's countdown.
On number 10 is one of India's leading IT companies- HCL Technologies. It generated a profit of 12,190 cr and gave a 64.47% return to its shareholders.
On number 9 is the world's largest coal-producing company- Coal India. This year Coal India made a 13,589.54 cr net profit. In terms of returns, it gave a negative 36% return. But it was the highest dividend-paying company (Nifty50) this year.
After generating a profit of 13,711.23 cr ITC comes 8 in our countdown. Indian tobacco corporation has diversified in businesses except for cigarettes. Still, in 2020 it gave a -11.23% return to its shareholders.
Bharat's leading private bank- ICICI bank is on 7th number in our countdown. It generated a profit of 13,921.43 cr.
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But its returns remained flat at -1.49%. On number 6 is HDFC Limited. This financial services company generated a net profit of 16,163.86 cr and gave 3.46% returns. During Covid-19 when share prices fell drastically, this stock did a great recovery.
On number 5 is Infosys that generated a profit of 17,856 cr and gave a 69.21% return. Due to the Covid-19 impact, IT stocks gave remarkable returns. As you can see that Infosys and HCL technologies gave great profits along with virtuous returns.
State Bank of India is on number 4 in our countdown. It generated a 23,464.28 cr net profit. Covid 19 had a negative impact on banking stocks especially PSU banking stocks. As a consequence of this SBI gave a -17.21% return.
On number 3 is HDFC Bank. This gave 29,569.97cr of net profit. As I told you that banking stocks faced the highest covid 19's negative impact. But still, HDFC bank gave a 12.04% return in 2020.
The most profitable company of Tata group- TCS is number 2 in our countdown. It earned a net profit of 30,650 cr and gave a return of 34.22% to its investors.
By now you might have understood the company which is number 1. It is Reliance Industries. It generated a net profit of 40,788 cr this year. Not just net profit but as per market capitalization also it is India's largest company. In 2020, it gave a brilliant return of 33.44% to its investors.
Before ending the article, let me tell you the last thing. This article is for educational purposes.
This is not a buying recommendation/advice. Tell us the company where you invested (out of the discussed 10) in the comments.
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