MARKET UPDATE
| Pvt cos net profit up 4.3 pct at Rs 91,800 cr in H1: RBI Wed, 09 Jan 2013 16:46:31 +0530 |
| Business Standard Economy Policy News Net profit of private corporate sector in the first half of 2012-13 (April-September) was Rs 91,800 crore, up 4.3% from the year-ago period, the Reserve Bank data showed today. "Sales growth (year-on-year) further moderated in first half of 2012-13. The moderation was deeper in the second quarter than in the first," RBI said in the report on Performance of Private Corporate Business Sector during First Half of 2012-13. The data is based on abridged financial results of 2,832 listed non-government, non-financial companies. The sales of these companies grew by 12.3% during the first half of the current fiscal to Rs 14.34 lakh crore, while the operating profit (EBITDA) rose by 4.9% to Rs 1.88 lakh crore. The Information Technology sector performed better compared to the manufacturing and non-IT services sector, maintaining its net profit margin at above 17% in first half, RBI said. Net profit margins for manufacturing and non-IT services sectors were at 5.7% and 4.9% respectively. The net profit of manufacturing companies rose 2.4% to Rs 61,200 crore in the first half, while services and non-IT companies had net profit of Rs 12,300 crore, down 3.9% from a year earlier. The net profit of companies engaged in computer and related activities increased by 18.6% to Rs 18,200 crore. Among financial companies, RBI data showed their net profit in the first half increased by 27.3% from a year ago to Rs 8,500 crore. |
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