The total revenues and net profit of the top six Indian telecom players, Bharti Airtel, Reliance Communications, BSNL, Hutchison Essar, MTNL and Idea Cellular, more than doubled during the last two years.
Indian IT firms have piled up net cash in excess of Rs 20,000 crore
Wipro, Satyam join TCS, Infosys in beating rupee blues.
48 companies have given stock options since Budget day.
Given the uncertainty on the US economic outlook, the rising rupee, and the lack of clarity on imposition of fringe benefit tax on stock options, analysts believe the companies may strike a note of caution on FY08 earnings.
Share prices of 17 of the 20 companies, which floated their initial public offers (IPOs) during the period, are now trading below their issue price. Twelve issues were listed below their offer price.
In spite of burgeoning initial public offerings, fund mobilisation by Indian companies through debt and equity issues in the year grew only 14 per cent, against close to 40 per cent in each of the earlier three financial years.
Over 120 dividend paying companies currently have a dividend yield of over five per cent, according to a study. The dividend yield is based on the current market price and dividend paid in the financial year 2005-06.
The turnover of commodity and stocks futures grew at a scorching pace in 2006-07, accounting for 80 per cent of the total turnover of the cash and futures markets.
The US slowdown, service tax on leased and rented premises and imposition of minimum alternate tax are expected to take a toll on the revenue and earnings growth rates of all frontline IT companies in 2007-08.
The appreciation of the rupee, the dividend distribution tax and the hangover of the minimum alternate tax on information technology companies under the Software Technology Parks of India scheme have pulled the prices of IT stocks down.
The market value of the losers declined by an average of 20 per cent, while that of the 45 per cent that gained rose by 35 per cent.
Curiously, it will not be far-fetched to state the contrary, that the global stock exchanges follow the Indian markets' cue
The parent companies, however, performed well on the profitability front, posting 30.93 per cent net profit growth compared to 22.6 per cent by their Indian subsidiaries.
Of the 125 sectors tracked by Business Standard Research Bureau, 62 sectors have lost ground, while 63 others have gained over the May 10 levels.
Riding high on profit growth, India Inc is doling out interim dividends like never before
Rs 1,066 crore capital investment of 41 entrepreneurs has grown to nearly Rs 90,000 crore.
The crorepatis are to be found principally in IT, pharmaceutical and engineering companies
143 million shares valued at Rs 11,000 crore are outstanding with these companies to be offered as stock options in the coming years
Sales of 80 companies climb 43%, operating profit margins up at 28%.
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