Automobiles, Banks, Food Products Show Higher Net Profit In 2001-02

Updated: Jul 27 2002, 05:30am hrs
The sector-wise analysis of 877 major companies has shown a prominent growth in net profit in the case of automobiles, banks, food products, trading and pharmaceuticals during 2001-02.

Of the 30 sectors taken up for study, the net profit of automobiles (comprising 52 major companies) increased by 108.5 per cent to Rs 1376.89 crore during 2001-02 from Rs 660.38 crore during 2000-01. The net sales figure of the group also increased by 8.1 per cent to Rs 36,148.30 crore during 2001-02.

In the case of banks, the total net profit figure of 33 banks rose by 74.08 per cent to Rs 7,530.17 crore from Rs 4,325.71 crore. The main income figure of this group also increased by 15.39 per cent during the study period. Among the 30 sectors, significant growth in net sales during 2001-02 was noticed in the case of Pharmaceuticals (21.6 per cent), tobacco (12.2 per cent), electrical goods (12.0 per cent), telecommunications (15.6 per cent) and trading (39.1 per cent).

A significant drop in sales was noticed in the case of chemicals others (6.55 per cent), hotels (14.2 per cent), gems&jewellery (13.89 per cent), tea (7.58 per cent) and textiles (7.68 per cent). In the case of other income, the highest growth was noticed in the case of cement&products (188.71 per cent) followed by aluminium&products (71.46 per cent) and pharmaceuticals (70.36 per cent). Around 14 sectors showed a decline in other income. Operating profits of 12 industrial groups registered a decline during 2001-02. Significant among them are hotels (23.14 per cent), gems&jewellery (34.18 per cent) tea (18.50 per cent) and paper&products (15.36 per cent). But trading (160.04 per cent) was the only sector which more than doubled its operating profit during the year 2001-02.

In gross profit , only one sector namely tyres&tubes (182.68 per cent) witnessed an increase of 100 per cent or more.

In profit befor tax (PBT) also, only one industry namely automobiles (133.31 per cent) showed an increase of more than 100 per cent during 2001-02. In the case of profit after tax (PAT), significant losses were made by sectors are iron&steel (Rs 563.80 crore), telecommunications (Rs 197.68 crore), textiles (Rs 272.46 crore) and tyres&tubes (Rs 41.21 crore).

As many as 12 sectors recorded lower net profit during 2001-02. Significant among them were gems&Jewelery (52.54 per cent), hotels (47.85 per cent), paper&products (65.74 per cent) and tea (31.69 per cent).

On the other hand, only one sector namely automobiles (108.5 per cent) witnessed an increase of 100 per cent or more in net profits during the study period. Among the 30 major sectors, the top five in respect of PAT to sales ratio during 2001-02 were computers (hard&soft) (19.42 per cent), cigarettes (19.07 per cent), aluminium&prod (18.74 per cent), Oil Drilling/allied (16.49 per cent) and shipping (15.34 per cent).

A significant increase in the ratio was recorded by banks (5.91 per cent during 2000-01 to 8.92 per cent during 2001-02), food products (2.77 per cent to 4.91 per cent) and trading (0.17 per cent to 0.24 per cent).

An opposite trend was seen in the case of computers (hard&soft) (23.03 per cent to 19.42 per cent), hotels (16.75 per cent to 10.18 per cent), paper&products (4.92 per cent to 1.57 per cent) and tea (6.42 per cent to 4.74 per cent).

The highest EPS was noticed in the case of cigarettes (Rs 47.00) followed by aluminium&prod (Rs 39.15), pharmaceuticals (Rs 29.67) diversified (Rs 20.98), computers (hard&soft) (Rs 17.44) and food products (Rs 16.93).