Indian companies saw significant profit growth in FY24, but employee wage increases slowed.

State Bank of India's report shows that 4,000 listed Indian companies saw a 6% revenue increase in FY24, with EBIDTA and PAT rising 28% and 32% respectively. Employee wages grew by only 13%, a slowdown from the previous year's 17%. This indicates companies are focusing on cost management while maintaining profitability, with an average EBIDTA margin of 22% over four years and a 12% annual growth in wage bills.

December 16, 2024
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