look news india
New Delhi: Research and Development (R&D) expenditure of companies included in BSE 100 index has continuously increased. It increased from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging about one per cent in the intervening period.
According to data compiled by the companies' annual reports, these companies have doubled their R&D expenditure in these five years. Rs 25,041 crore. 63,072 crores.
Although this reflects a preference for innovation, corporate R&D investment remains relatively conservative. Experts say only a few companies have significantly increased their R&D spending, indicating that Indian corporates still have a long way to go to increase their innovation efforts.
Public sector defense equipment manufacturer Hindustan Aeronautics has invested Rs. Rs 2,826.24 crore has been allocated, which is 13.3 percent more on an annual basis.
This is his money. Rs 30,381 crore is 9.3 percent of the revenue. Dr. During the last financial year Reddy's Laboratories posted revenue of Rs. 2,113 crore, which was up 21 percent year-on-year and had Rs. Its share in the investment of Rs 28,011 crore was 7.5 percent. Another pharma company Lupine's R&D expenses increased by 17 per cent year-on-year to Rs. Which was Rs 1,484 crore. Rs 20,011 crore is 7.4 percent of the revenue.
Tata Motors, Reliance Industries and Hindustan Aeronautics emerged as the top three spenders overall in FY24. Automobile giant Tata Motors' R&D expenditure increased 45 percent year-on-year to Rs. 29,398 crore i.e. Rs. 4,37,928 crore is 6.7 percent of the revenue.