Press Esc to close
Friday 12 February 2016
News updated at 7:36 PM IST
Weather
Max: 32°C
Min : 19°C
In Bengaluru
Partially cloudy

Corporate profit seen jumping by 17.7 pc

Mumbai, Nov 18, 2012, PTI:

Led by financial services sector, India Inc is likely to post 17.7 per cent growth in net profits this fiscal on the back of a 15 per cent rise in revenues, says a CMIE forecast.

The growth in profits going forward is expected to be led by moderation in input prices and rupee appreciation, the Centre for Monitoring Indian Economy (CMIE) said.

The profit growth will be broad-based with all major segments of corporate sector expected to report 15 per cent rise in sales during the fiscal, it noted. The profit of manufacturing sector is likely to grow 15.9 per cent while non-financial and financial services sectors have been pegged at 19.9 per cent and 20.9 per cent, respectively this fiscal.

Observing that corporate profits will grow at a healthy pace in the second half of the fiscal, CMIE forecasts a strong 30.3 per cent growth in the December quarter while 15.5 per cent in the March quarter.


Go to Top

Photo Gallery
Relatives of Lance Naik Hanumanthappa Koppad mourn his death at his home in Betador in Hubli...

Relatives of Lance Naik Hanumanthappa Koppad mourn his death at his home in Betador in Hubli...

Vehicles stranded at Jawahar Tunnel, which connects the valley to the rest of the country during...

Vehicles stranded at Jawahar Tunnel, which connects the valley to the rest of the country during...

Girls taking selfie during the lok Mela at Punjabi University in Patiala...

Girls taking selfie during the lok Mela at Punjabi University in Patiala...

President Pranab Mukherjee walks at the Mughal Gardens at Rashtrapati Bhavan during its press...

President Pranab Mukherjee walks at the Mughal Gardens at Rashtrapati Bhavan during its press...

Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi inspects guard of honour during...

Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi inspects guard of honour during...

Gold medal winners Prarthana Thombare and Sharrmadaa Baluu of India, pose during the presentation...

Gold medal winners Prarthana Thombare and Sharrmadaa Baluu of India, pose during the presentation...

Bangladesh Goalkeeper Md Rasel Mahmud in action against Nepal during the group matches of the...

Bangladesh Goalkeeper Md Rasel Mahmud in action against Nepal during the group matches of the...

Shooters of India and Pakistan take part in the individual 25m center fire pistol men's...

Shooters of India and Pakistan take part in the individual 25m center fire pistol men's...

Sri Lanka's Nalantha De Silva, right approaches as India's P.L.Thiamanna, tries to control the...

Sri Lanka's Nalantha De Silva, right approaches as India's P.L.Thiamanna, tries to control the...

T Gopi of India winner of gold medal (front ) and Suresh Kumar of India winner of silver medal...

T Gopi of India winner of gold medal (front ) and Suresh Kumar of India winner of silver medal...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523