Pvt non-financial firms' profit rise by 10.3% in Jan-Mar

Press Trust of India Posted online: Tuesday, Jul 01, 2014 at 0000 hrs
Mumbai : Total profit of private non-financial companies rose by 10.3 per cent year-on-year to Rs 50,900 crore in the January-March quarter of 2013-14, according to the RBI data released today.

The data compiled by RBI is based on financial results of 2,719 listed non-government non-financial companies.

These companies had reported a total profit of Rs 44,100 crore in the last quarter of 2012-13, a fall of 16 per cent over the previous year.

Sales of these companies, however, grew marginally by 4.6 per cent to Rs 7.99 lakh crore in the fourth quarter of FY14.

"Aggregate sales growth improved only marginally in Q4, 2013-14 from that of Q3, 2013-14. Improvement in sales growth was observed across three major sectors manufacturing, services (other than IT) and IT sectors," RBI said in a release.

In the third quarter of FY14, sales grew by 4.4 per cent at Rs 7.54 lakh crore, while in the year ago period sales grew by 4.2 per cent to Rs 7.77 lakh crore.

The operating profits (or Earnings Before Interest, Taxes, Depreciation and Amortisation/EBITDA) also showed improvement at Rs 1.03 lakh crore, up 4.9 per cent in the last quarter of FY14.

EBITDA was down marginally by 0.1 per cent to Rs 97,900 crore in the same period a year earlier.