RBI: Private Sector of India registered a Net Profit of 4.3 percent in First Half of 2012-13
Data released by RBI, reports that the Private Corporate Sector of India has registered a 4.3 percent increase in the net profits in the first half of 2012-13
The data released from the Reserve Bank of India on 9 January 2013 reported that the Private Corporate Sector of India registered a net profit of 91800 crore rupees in the first half of 2012-13 (April to September), which is 4.3 percent higher than the one reported in the first half of the 2011-2012.
In terms of growth in Sales on the basis of the financial results of 2832 listed non-financial and non-government companies in the first half of the current fiscal the companies grew by 12.3 percent, which is equivalent to 14.34 lakh crore. The details of the report states that the operating profit (EBITDA) of these companies has gone up by 4.9 percent to 1.88 lakh crore rupees.
The report states that with a net profit margin of 17 percent, the performance of the Information Technology (IT) sector was better, when compared with the manufacturing and non-IT service sectors. The net profit margin of the non-IT service sector and manufacturing sector were 4.9 percent and 5.7 percent respectively. The manufacturing companies show a rise in its net profit by 2.4 percent, which is equivalent to 61200 crore rupees and the non-IT companies dropped down by 3.9 percent, from the one recorded previous year.
The companies involved in computer and activities related to it show a rise in net profit of 18.6 percent that is equivalent to 18200 crore rupees. The financial companies registered a net profit of 27.3 percent that was equivalent to 8500 crore rupees, when compared to previous year profit.