The industrial sector has made a significant contribution to India’s GDP growth. In 2021–2022, it accounted for about 25.9% of the country’s GDP, up from only roughly 13% in the 1950s. The largest industrial sector, engineering accounts for about 3.53% of the GDP of the country.One of the most striking predictors of the engineering sector’s future growth is the increasing demand and employment in the field.

The need for engineering professionals is growing due to a number of significant factors. The demand for engineering expertise has increased as a result of the digital transformation of various industries, which has made technology an essential part of almost every sector.

The state of the economy and an industry can shift quickly. Take into consideration consulting the following sources to get the most up-to-date and accurate information on the engineering sector:

Industry Reports: Seek reports that offer insights into the current trends, obstacles, and opportunities in the engineering sector from government agencies, research firms, and industry associations.

Government Publications: Look for reports and updates from departments or agencies that are responsible for monitoring the engineering sector of the government.

Please consult recent publications and reports or industry experts who can offer insights into the current state of the engineering sector for the most up-to-date information.

List of Top 11 Engineering in India (BSE) based on Net Profit.

Company Name Net Profit (Rs. cr)
L&T Technology 1,110.40
Engineers India 342.15
Craftsman 237.76
ISGEC Heavy Eng 177.92
Kennametal 87.7
Pitti Engineeri 58.83
Divgi Torqtrans 51.16
Alphageo 15.38
Lokesh Machines 9.67
Artefact 5.34
Dhruv Consultan 4.82
Source: BSE, India, last updated 23 February, 2024

This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:

Reference:
1. Jenčová, S., Petruška, I., Gavura, Š., Miškufová, M., & Bačík, R. (2023). Relationship between financial indicators in the Slovak engineering industry: A panel regression approach. Journal of International Studies16(4).
2. Singha, R., & Gayithri, K. (2012). Government Policy and Performance: A Study of the Indian Engineering Industry. International Journal of Asian Business and Information Management (IJABIM)3(2), 10-22.
3. Masato, D., & Kim, S. K. (2023). Global workforce challenges for the mold making and engineering industry. Sustainability16(1), 346.

Disclaimer: This news is for information and research purposes only. It is not intended for financial advice.
Declaration of competing interest: Publisher and owner of this web-portal hereby declare that there is no competing interest.

By Editor

One thought on “Top 11 Companies in India by Net Profit from Engineering Sector (Feb 2024 update)”
  1. This article provides a concise overview of the importance of the engineering sector to India’s economy. A more thorough understanding of the sector’s current situation and possible trajectory would be provided by further investigation of its problems and future prospects.

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