Friday 25 April 2014
News updated at 9:48 AM IST
Weather
Max: 34.6°C
Min : 22.7°C
In Bangalore
Generally 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
A digital image called 'Venus, 1985' created by Andy Warhol retrieved from disk 1998.3.2129.3.22...

A digital image called 'Venus, 1985' created by Andy Warhol retrieved from disk 1998.3.2129.3.22...

Crew members of Colombian-registered sailing ship Gloria stand on the ship's masts during a...

Crew members of Colombian-registered sailing ship Gloria stand on the ship's masts during a...

A rainbow appears over the sky of the city of Sao Paulo April 24, 2014. Sao Paulo is one of the...

A rainbow appears over the sky of the city of Sao Paulo April 24, 2014. Sao Paulo is one of the...

27 year old white polar bear Uslada shakes off water in her pool at the Leningrad Zoo in St...

27 year old white polar bear Uslada shakes off water in her pool at the Leningrad Zoo in St...

U.S. President Barack Obama waves from Air Force One as he departs Haneda International Airport...

U.S. President Barack Obama waves from Air Force One as he departs Haneda International Airport...

Singer-songwriter, Leslie Grace arrives at the 2014 Billboard Latin Music Awards on Thursday...

Singer-songwriter, Leslie Grace arrives at the 2014 Billboard Latin Music Awards on Thursday...

A model of a pink fisherman and bicycle are positioned on a rock in the Irish Sea near the...

A model of a pink fisherman and bicycle are positioned on a rock in the Irish Sea near the...

Actress Emma Stone arrives for 'The Amazing Spider-Man 2' premiere in New York April 24, 2014...

Actress Emma Stone arrives for 'The Amazing Spider-Man 2' premiere in New York April 24, 2014...

A girl leaps over headstones at the Jakarta War Cemetery following the ANZAC Day dawn service in...

A girl leaps over headstones at the Jakarta War Cemetery following the ANZAC Day dawn service in...

A fire-fighter walks past a school bus leaning against a eucalyptus tree after it veered off the...

A fire-fighter walks past a school bus leaning against a eucalyptus tree after it veered off the...

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