f/032208_01.pdf">Click here for PERFORMANCE INDICATOR
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| Hundred-odd firms took part in the conference organised by Citigroup and Edelweiss. Of these, we have growth estimates of 94 firms for 2007-08 and 2008-09.
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| These companies are expected to post average sales growth of 22.93 per cent in 2007-08, considerably lower than 35.1 per cent achieved in 2006-07. The sales growth rate is expected to improve to 24.48 per cent in 2008-09.
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| The operating margins of the 94 firms are likely to be around 21.54 per cent in 2007-08 but will increase to 22.52 per cent in 2008-09. The operating profit growth rate in 2007-08 will be at 22.96 per cent as compared to 51.85 per cent in 2006-07. The growth will improve to 30.17 per cent in 2008-09.
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| The non-Sensex firms covered in this study are expected to show a decline in net profit growth rate in 2007-08 from 55.35 per cent in 2006-07 to 23.23 per cent. However, the profit growth rate is expected to increase to 37.1 per cent in 2008-09.
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| In 2008-09, companies posting growth will be from sectors such as housing, infrastructure, construction, IT, pharmaceuticals and metals.
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| The 11 infrastructure firms in the sample are expected to maintain revenue growth rate of over 50 per cent in 2007-08 and 2008-09.
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| The growth in operating profit would be a robust 62 per cent in 2007-08 and 67 per cent in 2008-09. The net profit of these firms will grow at a healthy 58 per cent in 2007-08 and a strong 75 per cent in 2008-09.
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| Unlike the four frontline software firms, the mid- and small-size technology firms are expected to fair well in 2007-08 and 2008-09.
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| Nine technology firms having interest in software education, software services and hardware will show revenue growth of 22.4 per cent in 2007-08, which will increase to 36 per cent in 2008-09.
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| The net profit for these companies is expected to grow from around 3 per cent in 2007-08 to 56 per cent in 2008-09.
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| In 2008-09, steel, aluminium and copper manufacturing firms will post marginal improvement in performance. Sterlite Industries and Steel Authority of India are expected to do well in 2008-09.
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| Medium-sized banks are expected to fair badly in 2008-09 with revenue growth likely to be trimmed from 30 per cent in 2007-08 to 22 per cent in 2008-09. Net profit is expected to decline sharply from 48 per cent in to 26 per cent.
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| Sales growth is likely to be slower at 37 per cent for capital goods firms in 2008-09 after over 59 per cent growth in revenue in 2006-07 and an expected growth of 52 per cent in 2007-08.
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| Pharmaceuticals are expected to post revenue growth of 15.4 per cent in 2008-09. Their net profit is likely to grow by 17 per cent in the same financial year. |
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