Corporate Results
Q1 F 10 of 3789 companies
For the quarter the Core income all the companies listed in the stock exchanges fell by %5 over the previous year’s level. Considering the corporate performance many other countries, the performance of Indian companies was much better. The companies in Banking, FMCG , IT continue to do well. Certain segments of other sectors also had shown buoyancy in performance. But Y-o-Y, on rolling 12 month basis, the companies have reported a growth of 20% in their core income.
Part of the loss in core income was off set by increase in other income which rose by 42.5% over the previous year in this quarter. But over the previous year, other income was down by 1.4% over the previous 12 months.
Interest costs are rising and it was at 11.32% of the total revenue in this quarter but it was much lower for the 12 month period at 10.44%. Already interest cost ratio for corporates are at a high level and any increase in interest rates and debt levels will increase the interest cost further.
One redeeming feature was that corporates were able to improve their operational efficiency in procurement as well as their internal operations, which has resulted in very good operating profit. The operating profit ratio for the quarter on the total income was very healthy at 28.7%. 1.In absolute term it was at Rs. 211457 cr, 18.8% higher than the last year same period. YTD, margin was 23.91%.
PBT: Reported profit of all the companies were at Rs. 102074 cr during Q 1, 19% higher than the previous year same quarter. The ratio also improved substantially and it was at 13.85% compared to the 12 month performance of 10.46%.
PAT . It was in double digits at more than 10% for the quarter and had shown a substantial improvement over the previous year.
The companies should continue to focus on improving the operational efficiencies, which should help in achieving an excellent corporate performance in the fiscal F10, The improving economic conditions world over and in India should help to sustain the corporate performance in India going forward.
Q1 F 10 of 3789 companies
For the quarter the Core income all the companies listed in the stock exchanges fell by %5 over the previous year’s level. Considering the corporate performance many other countries, the performance of Indian companies was much better. The companies in Banking, FMCG , IT continue to do well. Certain segments of other sectors also had shown buoyancy in performance. But Y-o-Y, on rolling 12 month basis, the companies have reported a growth of 20% in their core income.
Part of the loss in core income was off set by increase in other income which rose by 42.5% over the previous year in this quarter. But over the previous year, other income was down by 1.4% over the previous 12 months.
Interest costs are rising and it was at 11.32% of the total revenue in this quarter but it was much lower for the 12 month period at 10.44%. Already interest cost ratio for corporates are at a high level and any increase in interest rates and debt levels will increase the interest cost further.
One redeeming feature was that corporates were able to improve their operational efficiency in procurement as well as their internal operations, which has resulted in very good operating profit. The operating profit ratio for the quarter on the total income was very healthy at 28.7%. 1.In absolute term it was at Rs. 211457 cr, 18.8% higher than the last year same period. YTD, margin was 23.91%.
PBT: Reported profit of all the companies were at Rs. 102074 cr during Q 1, 19% higher than the previous year same quarter. The ratio also improved substantially and it was at 13.85% compared to the 12 month performance of 10.46%.
PAT . It was in double digits at more than 10% for the quarter and had shown a substantial improvement over the previous year.
The companies should continue to focus on improving the operational efficiencies, which should help in achieving an excellent corporate performance in the fiscal F10, The improving economic conditions world over and in India should help to sustain the corporate performance in India going forward.
