India Inc's sales growth slips, other income grows: RBI report
of the current fiscal.
The report also observed that large companies (annualised sales higher than Rs 1,000 crore) recorded relatively higher growth in sales and operating profits as well as higher profit margins than their smaller counterparts.
However, sales of large companies also moderated over time and recorded the lowest growth in post-crisis period during first half of 2012-13.
With moderation in the growth of interest expenses and continued support from 'non-core' other income, net profits also went up, reversing the declining trend observed in the previous two half years.
While the net profit margin of the IT sector could be maintained, the non-IT services registered a fall in margin.
Performance of smaller companies was relatively weak as compared with larger companies.
The report covered performance of companies from sectors like textiles, pharmaceuticals and medicines, cement and cement products, iron and steel, motor vehicles and other transport equipment, construction and machinery.
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