Performance is good considering domestic demand is at all-time high.
Companies in the metals
segment too came up with impressive numbers on the back of higher domestic and international metal prices. In 2006, copper prices increased by over 80%, while nickel prices rose by more than 65%, so was the case with other metals. Vedanta Resources met forecasts with a 145% rise in annual core earnings. Ebitda rose to $2.703 billion for FY07, while revenues jumped 76% to $6.5 billion. Tata Steel also posted vigorous set of numbers, as net profit was at Rs.11.03 billion in Q4 versus Rs.7.83 billion, up 40.91% on YoY basis. For FY07, the company has posted a profit of Rs 42.22 billion for the year ended March, 2007, as compared to Rs.35.063 billion in the previous years. The mining and metals sector profited handsomely from a prolonged boom in commodity prices.
According to 4Ps B&M calculations, 1,148 companies have published their results so far and have raked in total income worth a staggering Rs.7.7 trillion and eye-popping net profits of Rs.2.4 trillion, an increase of 31% and 40%, respectively over last year.
segment too came up with impressive numbers on the back of higher domestic and international metal prices. In 2006, copper prices increased by over 80%, while nickel prices rose by more than 65%, so was the case with other metals. Vedanta Resources met forecasts with a 145% rise in annual core earnings. Ebitda rose to $2.703 billion for FY07, while revenues jumped 76% to $6.5 billion. Tata Steel also posted vigorous set of numbers, as net profit was at Rs.11.03 billion in Q4 versus Rs.7.83 billion, up 40.91% on YoY basis. For FY07, the company has posted a profit of Rs 42.22 billion for the year ended March, 2007, as compared to Rs.35.063 billion in the previous years. The mining and metals sector profited handsomely from a prolonged boom in commodity prices.According to 4Ps B&M calculations, 1,148 companies have published their results so far and have raked in total income worth a staggering Rs.7.7 trillion and eye-popping net profits of Rs.2.4 trillion, an increase of 31% and 40%, respectively over last year.
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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
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