Large Enterprises Net Soars: Headwinds Remain
This article reviews the performance of prominent Indian enterprises for the quarter ending September 30, 2023, highlighting their net profit, revenue growth, and other operational metrics. The analysis is based on financial data submitted to regulatory authorities. Key insights include Tata Consultancy Services (TCS), which achieved an 8.7% increase in net profit to ₹11,342 crore amidst a challenging environment, driven by strong demand in certain sectors and a significant share buyback. TCS’s growth was supported by its Energy, Resources, and Utilities vertical, despite muted performance in other areas. The company remains optimistic about long-term growth, bolstered by a substantial order book and advancements in Generative AI. In contrast, Adani Power reported an impressive ninefold increase in net profit to ₹6,594 crore, largely due to higher sales volumes and one-time income from its new 1,600 MW Godda power plant. The increase in revenue was also supported by lower coal prices and improved power demand. The article reflects the varied performance of these large enterprises and their strategic responses to market conditions, underlining the role of historical data in forecasting future performance. KEYWORDS: Adani Power, Net Profit, Revenue Growth, Tata Consultancy Services, Performance