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Rediff.com  » Business » Pvt cos' net profit up 4.3% at Rs 91,800 cr in H1: RBI

Pvt cos' net profit up 4.3% at Rs 91,800 cr in H1: RBI

Last updated on: January 09, 2013 17:18 IST

Net profit of private corporate sector in the first half of 2012-13 (April-September) was Rs 91,800 crore (Rs 918 billion), up 4.3 per cent from the year-ago period, the Reserve Bank data showed on Wednesday.

"Sales growth (year-on-year) further moderated in first half of 2012-13. The moderation was deeper in the second quarter than in the first," RBI said in the report on Performance of Private Corporate Business Sector during First Half of 2012-13.

The data is based on abridged financial results of 2,832 listed non-government, non-financial companies.

The sales of these companies grew by 12.3 per cent during the first half of the current fiscal to Rs 14.34 lakh crore (Rs 14.34 trillion), while the operating profit (EBITDA) rose by 4.9 per cent to Rs 1.88 lakh crore (Rs 1.88 trillion).

The Information Technology sector performed better compared to the manufacturing and non-IT services sector, maintaining its net profit margin at above 17 per cent in first half, RBI said.

Net profit margins for manufacturing and non-IT services sectors were at 5.7 per cent and 4.9 per cent respectively.

The net profit of manufacturing companies rose 2.4 per cent to Rs 61,200 crore (Rs 612 billion) in the first half, while services and non-IT companies had net profit of Rs 12,300 crore (Rs 123 billion), down 3.9 per cent from a year earlier.

The net profit of companies engaged in computer and related activities increased by 18.6 per cent to Rs 18,200 crore (Rs 182 billion).

Among financial companies, RBI data showed their net profit in the first half increased by 27.3 per cent from a year ago to Rs 8,500 crore (Rs 85 billion).

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