The sales growth rate has been a 10-quarter low, dragged by slowdown in the key sectors -- capital goods, construction, infrastructure, non ferrous metals, steel and telecom -- that had contributed to India Inc's growth story in the past.
All sectors are expected to deliver positive growth, with huge positive growth swings in pharma, telecom, infrastructure, real estate, metals and auto.
The aggregate dividend payout by corporate India may be lower in the current financial year (2011-12), compared to 2010-11.
Sectors that will drive profit growth include refineries, private banks, capital goods, cement, fast moving consumer goods, metals and oil & gas. Sectors with disappointing growth are public sector banks, construction, media, pharmaceuticals, steel, textiles, telecom and tyres.
Prompted by the Reserve Bank of India's increase in the key rate, the repo, banks have raised interest rates by 325-350 basis points.
Equity dividend payment rises 14.9 per cent in 2010-11.
Net sales rose 26 per cent but profit rose at a slower 22.7 per cent, as operating margins took a hit by 160 basis points, year on year.
A preview of the December quarter's company results by three foreign and three Indian broking houses hints at relatively moderate performance. Of the 47 companies that are part of the BSE Sensex & S&P-CNX Nifty, the benchmark indices, the expected net profit growth is 22 per cent.
India Inc is set to mobilise over Rs 1,40,000 crore through public issues in the new year. The collections were Rs 1,05,647 crore in calendar year 2010.
Gold futures for February delivery closed at in the red on weekly basis after reaching a record $1,432.50 an ounce on December 7. This week, the gold dropped 1.51 per cent or $21.30, the most since mid-November on concern that China may tighten monetary policy eroded demand for precious metals.
The performance of subsidiaries abroad played a stellar role in India Inc's performance for the second quarter ended September. The consolidated results of companies that take into account the results of both foreign and domestic subsidiaries showed their net sales grew 22.2 per cent, while net profit grew a robust 70.4 per cent.
Order inflows during the quarter-ended September declined 31.5 per cent compared to the level a year ago. Companies are still not committing fresh capital expansion.
Piramal Healthcare acquired 4.36 million shares from the open markets through its two promoter companies, PHL Holding Pvt Ltd and Swastik Safe Deposit & Investment.
The rupee's appreciation of 6.4 per cent against the dollar and 12 per cent against the euro is likely to hurt the first-quarter performance of the pharmaceutical sector, indicate a results' preview by broking houses.
Capex plans for the next six months imply a 20 per cent increase in calendar 2010.
The payout rise was higher than that in net profit, which was 21.5 per cent. As a proportion of net profit, the payout was 25.15 per cent, compared to 24.1 per cent in March 2009 and 21.8 per cent in March 2008.
In 2001-02, demand recession had clipped the sales growth rate of corporate India to 2.6 per cent from the double-digit one of the earlier years.
Hiring up, rupee hedges in place, but net addition in clients still subdued.
An extensive analysis of the available results of companies for the just-concluded fourth quarter shows robust growth in sales and profit, carrying forward the momentum from earlier quarters.
No fewer than 276 new billionaires have entered the list this year.
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