But the increase has been substantially boosted by the presence of refineries like RIL, Mangalore Refinery & Petrochemicals and some great performers in NBFC sector like Indiabulls Financial Services and Geojit Financial Services.
Among the other performers responsible for boosting the overall profits growth rate of the early birds were Rajesh Exports, Welspun-Gujarat Stah Roh, Zuari Industries , Sintex Industries, Biocon, Aban Offsho, Balasore Alloys, Gallantt Metal,
TVS Electronics, Pioneer Distilleries, Texmaco, HDFC and Solar Explosives.
The net profit of Welspun-Guj Stah Roh increased by 136.4% to Rs 97.40 crore during October-December 2007 (Rs 41.20 crore). The sales of the company also increased by 40.1% during the quarter. On the other hand, the net profit of Zuari Industries increased by 152.4% to Rs 30.92 crore (Rs 12.25 crore) during October-December 2007. The companys sales increased by 12.40% to Rs 720.38 crore.
In the refineries sector, Reliance Industries performance was significantly good. While sales increased by 30.67% to Rs 34,590 crore, the net profit increased by 188.64% to Rs 8,079 crore during Oct-Dec 2007.
Mangalore Refinery registered a sharp 11.27% increase in sales to Rs 8,137.49 crore and a 192.59% rise in net profit to Rs 346.60 crore.
In NBFC sector, some major companies results are out and Indiabulls Financial Services showed 374.15% increase in main income and 189.67% increase in net profit during October-December 2007. Geojit Financial Services also showed 145.25% and 307.96% growth in sales and net profit respectively during October-December 2007.
In IT, TCS performance has turned out to be good. While sales jumped 26.41% to Rs 4,834 crore, the net profit rose 24.04% to Rs 1,178.99 crore during the quarter ended December 2007.
Infosys Technologies posted a sharp 23.65% jump in sales to Rs 4,271 crore and a 28.5% rise in net profit to Rs 1,231 crore.
The aggregate sales of the 175 companies rose by 24.6% to Rs 1,01,941 crore (Rs 81,815 crore) during October-December 2007. Other income of these companies also increased by 109.3% to Rs 4,821 crore during the same period. The PAT to sales of the above number of companies increased from 12.55% during October-December 2006 to 18.38% during October-December 2007.