With investors focusing on listed companies, the performance of unlisted firms, which also contribute to the strong performance of India Inc, is often ignored. There are around 318 unlisted companies available with FE and they have posted a growth in sales by about 25.9% in 2009. But the bottomline of these unlisted companies went down 22.5% in 2009 as compared to 2008.

In actual value terms, the sales of the above number of unlisted companies increased from Rs 1.98 lakh crore during 2007-08 to Rs 2.49 lakh crore during 2008-09. The other income of unlisted companies also increased from Rs 14,329 crore to Rs 16,782 crore. But the profit decreased from Rs 15,458 crore during 2007-08 to Rs 11,974 crore during 2008-09. The profit margin of these unlisted firms steadily decreased by 300 basis points to 4.80% during 2008-09.

Around 45% of the total unlisted companies have reported strong profits in 2009 over 2008 and 53% of the companies have witnessed a fall in their profitability. Among the strong profit growth unlisted companies in 2008-09 are Parry Agro Industries, Cotton Corporation, Indofil Organic, Icomm Tele and Tata B P Solar. The net profit of Parry Agro Industries increased by 228.4% to Rs 27.78 crore during ?08-09.

Icomm Tele, a telecommunication equipment company, has seen 132% jump in net profit. In 2007-08, the net profit was Rs 33.23 crore and in 2008-09 it was Rs 77.08 crore. Tata B P Solar, a electric equipment company, has seen profits doubling from Rs 29 crore in 2007-08 to Rs 60.57 crore in 2008-09.

On the other hand, some major companies like L&T-Komatsu, Bharti Teletech and Parle Products have shown a decline in profitability in 2008-09.

L&T-Komatsu, an engineering company, has seen 85.7% decline in net profit. In 2007-08, the net profit was Rs 133.04 crore and in 2008-09 it was just Rs 18.99 crore.

Parle Products, a food & dairy products company, has seen profits dwindled from Rs 21.82 crore to Rs 1.57 crore during the above period.

Among the industries, some major industries like construction, pharmaceuticals, shipyard, solvent extraction, tea and textiles have registered more than 30% growth in sales during 2008-09. The sales of construction group of companies increased by 32.5% to Rs 5,880 crore during 2008-09.

On the other hand significant growth in bottomline was seen in the case of construction, food processing, pharmaceuticals, tea and transport.