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Indian firms set to end 2009-10 on strong note
Monday, 12 April 2010, 15:51 IST
Coimbatore: With improvement in overall economic activity, Indian firms are expected to end fiscal 2010 on a strong note. The net profit of Sensex companies would grow 26-32 percent year-on-year (y-o-y) to 
36,000- 37,000 crore in the fourth quarter of 2009-10 , according to estimates by leading brokerages. Net sales would also be robust and would increase 31-35 percent yo-y to about 2.5 lakh crore, reports M Allirajan of TNN.
Companies in the 30-share Sensex are estimated to post the strongest revenue growth since the first quarter of fiscal 2009, according to analysts at IIFL. Only four sectors would have a less than 10 percent profit after tax (PAT) growth. Telecom, pharma and utilities are likely to post a decline in profits while companies in the financial sector would record a measly two percent growth, they said. In all, 25 out of 30 sensex companies would report positive earnings growth, analysts at Motilal Oswal said.
Corporate firms, which were badly hit by the global economic meltdown, are slowly clawing their way back to the heady sales and earnings growth of over 20 percent after a gap of nearly two years. "Capacity utilisation is approaching pre-crisis levels in domestic demand driven sectors such as steel (96 percent utilisation) and cement (87 percent utilisation)," analysts at Angel Broking said. Profits are also getting restored in some of the worst hit sectors such as automobiles , media and infrastructure , they said.
36,000- 37,000 crore in the fourth quarter of 2009-10 , according to estimates by leading brokerages. Net sales would also be robust and would increase 31-35 percent yo-y to about 2.5 lakh crore, reports M Allirajan of TNN.
Companies in the 30-share Sensex are estimated to post the strongest revenue growth since the first quarter of fiscal 2009, according to analysts at IIFL. Only four sectors would have a less than 10 percent profit after tax (PAT) growth. Telecom, pharma and utilities are likely to post a decline in profits while companies in the financial sector would record a measly two percent growth, they said. In all, 25 out of 30 sensex companies would report positive earnings growth, analysts at Motilal Oswal said.
Corporate firms, which were badly hit by the global economic meltdown, are slowly clawing their way back to the heady sales and earnings growth of over 20 percent after a gap of nearly two years. "Capacity utilisation is approaching pre-crisis levels in domestic demand driven sectors such as steel (96 percent utilisation) and cement (87 percent utilisation)," analysts at Angel Broking said. Profits are also getting restored in some of the worst hit sectors such as automobiles , media and infrastructure , they said.