Press Esc to close
Friday 27 May 2016
News updated at 1:50 AM IST
Weather
Max: 33.2°C
Min : 22.8°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
Rishi Nair of Florida bites his metal after winning the 2016 National Geographic Bee...

Rishi Nair of Florida bites his metal after winning the 2016 National Geographic Bee...

Vehicles moving on a road during a dust storm in Bikaner...

Vehicles moving on a road during a dust storm in Bikaner...

Buddhist monks protest at Jantar Mantar in New Delhi on Thursday against killing of Tsering Tempa...

Buddhist monks protest at Jantar Mantar in New Delhi on Thursday against killing of Tsering Tempa...

College girls dressed in traditional attire perform cultural show during anniversary of NDA govt...

College girls dressed in traditional attire perform cultural show during anniversary of NDA govt...

Models walk on a ramp during fashion show of students of National institute of fashion technology...

Models walk on a ramp during fashion show of students of National institute of fashion technology...

President Pranab Mukherjee garlanding the bust of Tagore at Peking University...

President Pranab Mukherjee garlanding the bust of Tagore at Peking University...

Women of a tribal community take part in pitcher race during a tribal festival in Birbhum district..

Women of a tribal community take part in pitcher race during a tribal festival in Birbhum district..

The stray nilgai calf that was running frenzied near the Parliament House being rescued...

The stray nilgai calf that was running frenzied near the Parliament House being rescued...

A baby monkey continue to suckle as its mother try to quench its thirst from a drinking water tap...

A baby monkey continue to suckle as its mother try to quench its thirst from a drinking water tap...

World leaders at the start of the second working session of the G-7 summit meetings in Shima...

World leaders at the start of the second working session of the G-7 summit meetings in Shima...

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