Decoding the rage in Ferguson

Decoding the rage in Ferguson

For more than a decade, African-American gains since the 1960s...
No table for three

No table for three

Narendra Modiís gamble wonít work unless Delhi gets act together on J&K, border management...

Corporates battle headwinds in Q1

Sep 28 2013, 04:34 IST
Comments 0
SummaryThe Reserve Bank of India released its data on the performance of non-financial private corporate business sector.

The Reserve Bank of India released its data on the performance of non-financial private corporate business sector during first quarter of 2013-14. The data is based

on the abridged financial results of 2,768 listed

non-government non-financial companies.

Highlights

* Sales growth (Y-o-Y) continued to decelerate and reached the post crisis low of 2.6%.

Total expenditure growth also declined to 2.2% mainly due to raw material expenses contraction.

* Earnings before Interest, Tax, Depreciation & Amortisation (EBITDA or operating profits) grew marginally by 1.1% against near stagnation seen in the previous quarter. However, net profit contracted for the second consecutive quarter.

* Sales of the manufacturing sector remained almost stagnant with a growth of only 0.8% during the quarter. EBITDA and net profits contracted and profitability in terms of EBITDA and net profit margins worsened.

* Sales growth for the non-IT services sector was lower than that of the previous quarter. EBITDA recorded a meagre growth of 1.3% but net profit contracted. EBITDA and net profit margins recorded some improvement.

* Improvement in sales growth was noticed for the IT sector. EBITDA also grew at a higher rate in comparison to the previous quarter, and net profit increased after contraction during the fourth quarter.

* Decline in sales growth was spread across most of the industries such as motor vehicles, iron & steel, cement, coke & refined petroleum products and electrical machinery . Cement, iron & steel and construction industries witnessed significant contraction in EBITDA and net profit.

Ads by Google

More from Business

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...