In the first quarter (Q1) of the ongoing financial year (FY) 2023-24, SBI’s net profit stood at ₹18,736 crore, and Reliance’s, at ₹18,258 crore.
State Bank of India (SBI) has emerged as the most profitable company in the first quarter (Q1) of the ongoing financial year (FY) 2023-24.
The country’s largest lender secured the top spot ahead of Mukesh Ambani’s Reliance Limited (RIL), reported HT’s sister publication Mint citing data from Capitaline Databases, a digital database of 35,000 listed and unlisted companies in India.