Some highlights:
CSR spend by companies listed on NSE main board rose by 5 per cent to INR 15,524 crore in 2022-23, in comparison to INR 14,816 crore spent in 2021-22
Average 3-year net profit of companies listed on NSE has almost doubled from INR 4.18 lakh crore in 2014-15, the first year of this regulation, to INR 8.14 lakh crore in 2022-23
Top 10 companies (HDFC Bank, TCS, Reliance, Tata Steel, ONGC etc.) together spent 33 per cent of the total spend on CSR.
There were also 48 companies (Tata Motors, IDFC First Bank, Chennai Petroleum Corp etc.), which despite reporting a loss, spent on CSR.
There were 248 companies which missed the mandatory spending of two per cent of net profit (281 in 2021-22)
PSU spending saw a decrease of 17 per cent from previous year.
916 companies spent more than INR 50 lakh, 932 companies had a CSR committee in place.
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