BENGALURU – India’s top 500 corporations achieved their highest earnings growth in three years during the quarter through June, as resilient domestic demand and strategic inventory buildup helped offset rising energy costs and supply chain disruptions linked to Middle East tensions.

Inventory accumulation and tax incentives drove a surprise rise in corporate profitability

India’s auto companies recorded some of the strongest revenue growth in the April-June quarter, with demand lifted by both personal income and goods and services tax cuts last year, according to an ICRA report. © Getty Images

ANANTA AGARWAL

August 19, 2026 16:31 JST

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