During the first nine months ended December 2007, net sales of the corporate sector grew 15 per cent, compared with 27.4 per cent in the financial year 2006-07. The net profit also moved up at a slower pace of 27.93 per cent vis-a-vis 41.56 per cent in 2006-07.
The profit margins were also hit badly during the nine-month period due to rising cost of production, decline in international prices of metals and appreciation of the rupee.