We had earlier written about the quarterly results of a few leading companies out of which most of the companies had reported double digit growth in profits except for Hero Honda.
Looks like the overall growth has not been bad either looking at the results of top 25 companies in India (excluding banks)
Here are the leaders who helped Indian Inclusive register a double digit growth for the quarter ending July-September
- TVS Group registered a phenomenal 132% growth in quarterly profits
- Bajaj Auto group registered a 78% growth in quarterly profits
- Murugappa, Hinduja also reported more than 30% growth in profits
- Tata Group showed a modest increase of 9.2% in quarterly profits
Profit Growth of India’s 25 largest business houses (in Crores)
It is to a certain extent obvious that if the profit growth has been healthy, the total sales would have been good for these groups too. However, the profit leaders are not necessarily the sales leaders too. The leaders with the most prolific quarterly sales included
Om Prakash Jindal group with sales of Rs 9480 crore
Reliance Group (Mukesh Ambani’s) reported the highest sales among the list with Rs 57,491 crore
The Singhania Group (Hari Singhania’s) had the least sales among the 25 with Rs 1452 crore
Among others Tata, Mahindra, Sterlite all registered sales in the upwards of Rs 5000 crore
Overall, the performance has been largely positive both in terms of overall sales and profitability. Increased consumer demand in most cases (especially for auto companies) could have resulted in improved business and the overall business environment also seems to be improving.
Wonder if these groups can carry forward the July-September quarter results into the next quarter and infact exceed them further. Lets sure hope so.
PS: Going through these numbers made me ponder as to when all the leading companies in the automobile sector (Bajaj, TVS, Mahindra etc.) have managed to report strong profitability how come Hero Honda’s quarterly profits took a beating. (Will probably go through individual numbers for a few companies from the auto sector and try to find out the reasons, might make for an interesting post should there be any anomalies)