Compared with the quarter ended December 1999, these companies improved their aggregate sales and ent profit in the current quarter. Sales was higher by 8.9 per cent, while net profit rose by 30.2 per cent. Market capitalisation of the 580 companies accounted for nearly 55.7 per cent of the of the Bombay Stock Exchange.
The excellent growth in aggregate sales was backed by the performance of information technology companies, and compnies like Reliance Industres, GAIL, IBP, Sterlite Industries and National Aluminium. Net profits of Reliance Industries, MTNL, Bharat Electronics, Sterlite Industries, National Aluminium and Shipping Corporation were significantly up.
Of the 580 companies, nearly 120 managed more than a 50 per cent growth in sales. Fast-moving consurmer goods major Hindustan Lever reported a 23.1 per cent rise in net profit, while sales increase only by 7.1 per cent.
Also Read
The 580 companies' operating profit increased to 22.4 per cent from 21.3 per cent in the corresponding quarter of the previous year Gross profit margin rose by 18.2 per cent (16.6 per cent), while net profit margin was up at 11.1 per cent (9.4 per cent).
BS Reseach Bureau Mumbai
(Inputs by Deepak Korgaonkar, Samata Dhawade, Kishor Kadam, Ashok Divse and R P Sharma)