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Wednesday, August 26, 2009

Profit of 51% companies rise

est rise in net profit (up 9%). PSUs re­ported the fastest rise in sales (up 8%). The Tatas reported a fall (2%) in sales as well as net profit (down 27%). The Aditya Birla group reported a 6% increase in sales but a 2% fall in net profit.
Large-sized companies were relatively better off in the adverse environment and posted a 6% rise in sales and a 14% growth in net profit. Net profit of medium-sized companies was down 27% and sales 5%. Small-sized companies reported an 82% drop in net profit on 33% fall in sales. However, mid-cap and small-cap index con­stituents did much better than their peers. Even though medium-sized companies showed a significant fall in sales and profit, the BSE Midcap index constituents did the best, with a 12% rise in sales and a 32% jump in net profit. This was much better than NSE-50 companies, which could man­age only a 2% rise in sales and a 7% in­crease in net profit, and the Sensex compa­nies, whose net profit grew 8% and sales 3%. Even the BSE Smallcap index constitu­ents were just ok, with a 3% increase in sales and a 4% rise in net profit. Tata Motors, Hindalco, SBI, ACC, Ultratech, Maruti, Bharat Electronics, Su­preme Industries, Lanco Infratech, TVS Motors, Gujarat State Petronet, Engineers India, Honeywell Automation, and Godrej Consumer Products reported much better­than-expected result. Among the other no­table companies reporting sparkling perfor­mance includedArvind, Bajaj Holdings, IRB Infra, EID Parry, Suprem Petro, Indian Oil Coporation, Welspun India, Ranbaxy Labo­ratories, State Bank of Mysore, Essar Oil

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