SEBI annual report: Indian companies raised ₹9.8 lakh crore from capital markets in 2022-23

The Indian companies raised ₹9.8 lakh crore from capital markets during the fiscal year 2022-23 which was 4.6% higher than the previous year, the Securities Exchange Board of India (SEBI) said in its annual report. 

The market regulator said that the funds were raised for the financing needs of the companies through various instruments such as equity, debt, AIFs, REITs, and InvITs.

The market regulator said that a significant chunk of these funds were raised through equity and debt instruments which accounted for ₹9.2 crore of capital formation.

The AIF has grown as one of the rapidly growing segments of the investment landscape with significant growth in terms of commitments raised, funds raised, and investments made since 2018-19, the report said.

It said in the span of the last 5 years, the asset management ecosystem of India has witnessed a significant transition, and the assets under management (AUM) of the mutual fund (MF) industry grew at a rapid pace.

The market regulator said that the secondary market of the country was impacted by a slew of geo-political and challenging macroeconomic conditions that unfolded during the year. 

SEBI said that during the first three quarters, the equity markets outshone its global peers and it was the last quarter in which the performance of equity markets moderated.

Godrej Consumer Products Limited (GCPL) on Monday said its consolidated net profit fell 7.6% at Rs 318.82 crore for the April-June quarter of fiscal year 2024 from ₹345.12 crore in the same quarter a year ago.

The total revenue in the first quarter stood at ₹3,448.91 crore, 10.36% up from ₹3,124.97 crore in the year-ago period, the company said in an exchange filing.

The FMCG company reported 23.4% growth in earnings before interest, tax, depreciation and amortization (EBIDTA) at ₹642.8 crore, and EBIDTA margin at 18.6%, up 240 basis points from same quarter last year.