Their dream run is quite obvious
from the fact that the consolidated PAT for 29 cement companies shows a stunning 246% growth during the quarter. Only three companies, out of the 29 under consideration, have grown at less than 100%. Market leader ACC has posted 184% growth. The IT sector came up good as always with the major industry giants like Infosys, Satyam and Wipro posting healthy growth. Net profits of Satyam soared by 75% and that of Infosys and Wipro went up by 54% and 53%, respectively. Pharma companies showed a growth in PAT of 24%. Pfizer was outstanding with growth in PAT of 131%. The banking sector displayed a mixed bag of fortunes with SBI, the country’s largest bank, booking a 34% fall in profit and ICICI Bank, the country’s largest private sector bank, moving up by 17%.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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