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Profits of FDI receiving firms in India rose 13.9%: RBI
By agencies
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Thursday, 14 April 2005, 19:30 IST
MUMBAI:The Reserve Bank of India (RBI) today said profit margins of about 490 representative private sector companies, which received foreign direct investments, rose to 13.9 percent in 2004-05.
The 490 companies selected across ten major industry groups for assessing their financial performance, recorded a net inflow of $686 million (
30.26 billion) in foreign currencies during 2002-03 as against a net inflow of 25.44 billion in the previous fiscal, RBI said in its bulletin for the current month.
Among the companies, machinery and machine tools and chemicals and chemical products were the most preferred industries for FDI while for the tea plantations eight out of ten companies had investments from U.K.
The financial results of the selected 490 FDI companies showed improved performance in terms of higher growth in sales, value of production, manufacturing, gross profits, during 2004-05 compared with the growth rates in previous year.
Internal sources of funds accounted for 66.6 percent of the total funds raised during 2004-05 and major uses of the funds were in the form of fixed assets formation and investments.
Among the select industry group, motor vehicle and other transport equipment and computer and related activities recorded higher growth in sales than all other industries, it said.
30.26 billion) in foreign currencies during 2002-03 as against a net inflow of 25.44 billion in the previous fiscal, RBI said in its bulletin for the current month.
Among the companies, machinery and machine tools and chemicals and chemical products were the most preferred industries for FDI while for the tea plantations eight out of ten companies had investments from U.K.
The financial results of the selected 490 FDI companies showed improved performance in terms of higher growth in sales, value of production, manufacturing, gross profits, during 2004-05 compared with the growth rates in previous year.
Internal sources of funds accounted for 66.6 percent of the total funds raised during 2004-05 and major uses of the funds were in the form of fixed assets formation and investments.
Among the select industry group, motor vehicle and other transport equipment and computer and related activities recorded higher growth in sales than all other industries, it said.