  The study focuses on the Impact of Environmental Accounting on the
Profitability of Companies listed on the Bombay Stock Exchange. The study has
considered the Amount spent on Environmental protection as an Independent
variable and Return on Capital Employed, Return on Assets, Return on Net
worth/equity, Net Profit Margin, and Dividend per Share as the Dependent
variable. The present study is to analyses the relationship between Amounts
spent on Environmental protection costs and Return on Capital Employed, Return
on Assets, Return on Net worth/equity, Net Profit Margin, and Dividend per
Share. The data is collected from 18 companies listed on the Bombay Stock
Exchange for 10 years from the Annual reports of companies. The data collected
were analysed using Panel data Regression in E-Views. Results revealed that
there is a significant Relationship between Environmental protection Cost and
Return on Capital Employed, Return on Assets, Return on Net worth/equity, Net
Profit Margin, and Dividend per Share. The study shows that Environmental
accounting impact positively on Firms profitability.
