Mukesh Ambani-led Reliance Industries Ltd (RIL) was the most profitable company in the country in the last fiscal year, outstripping Oil and Natural Gas Corp. Ltd (ONGC) and Tata Consultancy Services Ltd (TCS).
ONGC, which held the top position for long, has dipped to third position. India's largest software services firm TCS stood at second position.
State Bank of India (SBI), India's largest lender, was in the fourth position followed by another Tata Group company, Tata Motors, at the fifth spot.
Here is the list of Top 10 Profitable Companies:
1.Reliance Industries Ltd (RIL)
RIL posted a record profit of ₹23,566 crore in the fiscal year 2014-15 on improved refining margins. It had earned a profit of ₹22,493 crore in 2013-14.
2. Tata Consultancy Services (TCS)
TCS, the bellwether of Indian IT sector, posted a profit of ₹19,648.4 crore in FY15, up 2.7 percent from a year earlier. Taking into account the employee bonus of ₹2,628 crore announced by the company, the profit stood at ₹21,696 crore, up 13.5 per cent.
3. Oil and Natural Gas Corp. Ltd (OGNC)
Consolidated net profit of India's largest oil and gas producer ONGC stood at ₹18,333.52 crore in 2014-15.
4. State Bank of India
SBI posted a profit of ₹16,994 crore in 2014-15.
The Mumbai-based automobile major Tata Motors recorded a profit ₹13,986 crore during the financial year April 2014-March 2015.
6. Coal India
State-owned Coal India Ltd., the world's largest coal producer, was the sixth most profitable company in the last fiscal year earning a profit of ₹13,727 crore.
Infosys, country's second largest IT services firm, which has been struggling to increase its revenues for the past several quarters, announced a profit ₹12,329 crore.
8. ICICI Bank
ICICI Bank, India's largest private bank, stood at the eighth position with a profit of ₹12,247 crore for the fiscal year ending March 2015.
9. HDFC Bank
Housing Development Finance Corp. Ltd (HDFC), the country's largest housing financier, earned a profit of ₹10,689 crore.
The Kolkata-headquartered FMCG major ITC posted a profit of ₹9,663 crore in the last fiscal year.