1 / 10No 1. State Bank of India | Net profit: ₹83,299 crore | State Bank of India (SBI) retained the top spot in FY26, with net profit rising 7.4% to ₹83,299 crore. The lender expects credit growth of 13%–15% in FY27 and aims to maintain an annual return on assets (ROA) above 1%. (Image: Canva)
2 / 10No 2. Tata Motors Passenger Vehicles | Net profit: ₹82,390 crore | Tata Motors Passenger Vehicles (TMPV) reported a three-fold rise in FY26 net profit, primarily driven by a one-time demerger-related accounting gain. FY26 was also a record year operationally, with sales reaching 6.42 lakh units and growth of over 15%, nearly double the industry’s 8% growth rate. Building on this performance, the company is targeting 70%–100% export growth in FY27.
3 / 10No 3. Reliance Industries | Net profit: ₹80,775 crore | Reliance Industries, the country’s largest company by market capitalisation, reported a 16% increase in net profit to ₹80,775 crore in FY26. Growth in its consumer businesses drove consolidated EBITDA to ₹2.08 lakh crore during the year, with consumer segments contributing more than 55% of the total.
4 / 10No 4. HDFC Bank | Net profit: ₹76,026 crore | HDFC Bank reported a 7.4% increase in net profit to ₹76,026 crore in FY26. Deposit growth of 14.4% continued to outpace credit growth, a trend the bank expects to persist. It also aims to improve return on assets (ROA) over the next one to three years through technology-led operating leverage and efficiency gains.
5 / 10No 5. Life Insurance Corporation of India | Net profit: ₹57,453 crore | Life Insurance Corporation of India (LIC) improved its ranking by one position in FY26 after reporting a 19% increase in net profit to ₹57,453 crore. The insurer delivered strong business growth, with individual APE rising 13% and group business growing 27%, resulting in overall APE growth of 18%. (Image: Reuters)
6 / 10No 6. ICICI Bank | Net profit: ₹54,208 crore | ICICI Bank slipped from fourth to sixth place in FY26 despite reporting a 6% increase in net profit to ₹54,208 crore. Its core operating profit rose 8% year-on-year to ₹70,401 crore. The bank also maintained a strong capital position, with a CET1 ratio of 16.4% and total capital adequacy of 17.2% as of March 31, 2026, after accounting for a dividend payout of ₹12 per share.
7 / 10No 7. Tata Consultancy Services | Net profit: ₹49,210 crore | Tata Consultancy Services (TCS) slipped two positions to 7th rank in FY26 despite a marginal 1.4% rise in net profit to ₹49,210 crore. Revenue declined 2.4% in constant currency terms, even as the company reported a strong total contract value (TCV) of $40.7 billion. However, it delivered an operating margin of 25%, its highest in the last four years.
8 / 10No 8. Indian Oil Corporation | Net profit: ₹42,096 crore | Indian Oil Corporation reported a three-fold jump in net profit to ₹42,096 crore in FY26, while revenue rose 5% to ₹8.9 lakh crore. The growth was driven by its integrated business model, strong infrastructure network, and operational efficiency. For FY27, the company plans a capital expenditure of about ₹32,700 crore, mainly for refining and pipeline infrastructure, with around ₹5,000 crore allocated to renewable energy.
9 / 10No 9. Oil & Natural Gas Corporation | Net profit: ₹41,424 crore | Oil and Natural Gas Corporation (ONGC) reported a 14% rise in net profit to ₹41,424 crore, supported by strong performance from its subsidiaries, including HPCL, MRPL, OVL, and OPaL. The company maintained a 51% dividend payout ratio, with total dividends rising to ₹13.25 per share and a record payout of ₹16,669 crore for the year.
10 / 10No 10. Coal India | Net profit: ₹31,094 crore | Coal India ranked as the 10th largest profit-making company and the fifth among PSUs in FY26, with a net profit of ₹31,094 crore. It is the world’s largest coal producer and contributes around 80% of India’s domestic coal output. The company maintains a strong net cash balance sheet and offers an attractive dividend yield of about 6.5% for FY28E.
