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CSR spend: Listed firms record 16% rise to ₹17,967 cr on surge in profits
Financial Express Lucknow
|April 28, 2025
AIDED BY A surge in profits, funds spent by listed companies on Corporate Social Responsibility (CSR) rose by 16% to ₹17,967 crore during the year ended March 2024 as compared to ₹15,524 crore spent in 2022-23, says a report.
HDFC Bank topped the list with a CSR spend of ₹945.31 crore, followed by Reliance Industries at ₹900 crore, TCS at ₹827 crore and ONGC at ₹634.57 crore.
The rise was due to an 18% rise in average net profit of these companies, 2% of which needs to be spent on CSR activities as per regulatory requirements, and followed three years of flattish spends, from ₹14,751 crore in 2019-20 to just ₹15,524 crore in 2022-23, says a PRIME Database report.
यह कहानी Financial Express Lucknow के April 28, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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