HDFC has been a major driver of this phenomenal growth during the third quarter, with a 82.55% increase in the net profit to Rs 648.93 crore against Rs 355.49 crore the previous year. Main income of the companies studied rose 49% to Rs 10,831 crore during the quarter from Rs 7,270 crore during the same period the previous year.
In the case of fertiliser companies, the total net profit of 23 firms grew 95.61% to Rs 541.62 crore during the quarter against that of Rs 276.89 crore in the corresponding period the previous year. Among these firms, Coromandel Fertilizers showed significant growth in net profit, which increased by 244.9% to Rs 75.07 crore in the third quarter from Rs 21.76 crore in the same period previous year. Total sales of this group (23 companies) also increased 21.53% during the same period.
Similarly, the total net profit of 13 major companies in the oil & gas sector went up 59.28% to Rs 16,111 crore during the third quarter from Rs 10,115 crore in the corresponding period the previous year. The net profit of RIL increased by 188.64% to Rs 8,079 crore during October-December 2007. Total sales of this group (13 firms) increased 16.6% to Rs 1,85,974 crore during this period.
Among the other 35 industry groups, significant growth in net sales from October to December 2007 was observed in the case of retailing (49.66%) followed by IT (37.15%), engineering (34.50%), entertainments (33.70%), construction (32.63%) and banks (32.02%).