Check out the top companies in terms of market capitalization that have recorded consistent earnings growth in the last 4 quarters. ICICI Bank leads the list. Financials make the bulk of the list with some IT and pharma companies like LTI Mindtree, KPIT Technologies and Lupin.
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ICICI Bank was the largest company in market capitalisation that registered consistent earnings growth in the last four quarters. The private lender’s revenue increased from Rs 16,465 crore in Q3FY23 to Rs 18,678.60 crore in Q3FY24.The company’s topline grew 13.44 percent YoY in Q3FY24 while the bottom line increased by 23.58 percent. ICICI Bank stock grew by 14 percent in CY23.
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Bajaj Finance’s revenue grew from Rs 7,173.9 crore in Q3FY23 to Rs 9,034.6 crore in Q3FY24. The company’s topline gained 25.94 percent YoY while bottom line zoomed 22.4 percent. Bajaj Finance shares gained 28.99 percent in CY23.
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LTI Mindtree’s revenue increased from Rs 8,620 crore in Q3FY23 to Rs 9,016.80 crore in Q3FY24. The company’s revenue grew 4.6 percent YoY while net profit gained 16.83 percent. LTI Mindtree stock gained 42 percent in CY23.
PNB’s revenue increased from Rs 9,179.4 crore in Q3FY23 to Rs 10,292.80 crore in Q3FY24. The PSU lender’s revenue increased by 12.13 percent YoY while net profit gained 253.44 percent. Punjab National Bank's stock gained 72 percent in CY23.
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IndusInd Bank’s revenue increased from Rs 4,495.3 crore in Q3FY23 to Rs 5,295.6 crore in Q3FY24. The bank’s revenue increased by 17.8 percent YoY while net profit gained by 17.29 percent. IndusInd Bank shares surged 39 percent in CY23.
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Canara Bank's revenue grew from Rs 8,600 crore in Q3FY23 to Rs 9,417.1 crore in Q3FY24. The bank’s topline increased by 9.5 percent YoY while net profit gained by 26.88 percent. Canara Bank stock gained 44 percent in CY23.
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Indian Bank’s revenue grew from Rs 5,499.2 crore in Q3FY23 to Rs 5,814.2 crore in Q3FY24. The bank’s topline gained by 5.73 percent YoY while net profit increased by 51.84 percent. Indian Bank stock rallied 48 percent in CY23.
Lupin’s revenue increased from Rs 4,244.6 crore in Q3FY23 to Rs 5079.9 crore in Q3FY24. The pharma company’s topline surged 19.69 percent YoY while net profit soared by 299.41 percent. Lupin’s stock gained 88 percent in CY23.
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Muthoot Finance’s revenue rose from Rs 1,963.1 crore in Q3FY23 to Rs 2,407.5 crore in Q3FY24. The NBFC’s topline surged 22.64 percent YoY while bottom line increased by 18.95 percent. Muthoot Finance shares gained 40 percent in CY23.
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KPIT Technologies’ revenue grew from Rs 917.1 crore in Q3FY23 to Rs 1,257 crore in Q3FY24. The company’s revenue increased by 37.06 percent YoY while net profit increased by 54.53 percent. KPIT Technologies stock gained 110 percent in CY23.
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Bank of Maharahtra’s revenue increased from Rs 1,979.6 crore in Q3FY23 to Rs 2,465.8 crore in Q3FY24. The Bank’s revenue rose by 24.56 percent YoY while net profit went up by 33.61 percent. Bank of Maharashtra shares gained 52 percent in CY23.
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IIFL Finance’s revenue rose from Rs Rs 1,311.4 crore in Q3FY23 to Rs 1,659 crore in Q3FY24. The NBFC’s revenue increased by 26.51 percent YoY while net profit surged 29.63 percent. IIFL Finance stock gained 40 percent in CY23.
