32 industrial sectors show positive profit growth in first half of FY15; 13 have slipped
45 industry sectors in terms of growth in sales and profitability in the first six months of fiscal 2014-15 reveals a definite turnaround, compared to the first half of fiscal 2014
Mumbai: An industry wise analysis of the performance of 45 industry sectors in terms of growth in sales and profitability in the first six months of fiscal 2014-15 reveals a definite turnaround, compared to the first half of fiscal 2014. Growth in net sales was positive across 40 sectors, with 19 sectors witnessing double digit growth. The highest growth, according to CARE ratings chief economist Madan Sabnavis, was registered by dyes and pigments (32.0 per cent), followed by mining and minerals (29.3 per cent), electronics (17.1 per cent) and gases and fuels (15.3 per cent).
The mining and minerals segment showed a robust growth in sales as was reflected in the significant increase in output as revealed by the IIP figures. Five sectors showed negative growth namely sugar (-3.6 per cent), tea/coffee (-6.3 per cent), diamond and jewellery (-8.5 per cent), engineering (-9.3 per cent) and electric equipment (-12.4 per cent).
The growth in net profit was positive for 32 sectors while 13 industries register negative growth. Industries which witnessed a significant improvement are pharmaceuticals (six per cent to 74.0 per cent), plastics (-24.7 per cent to 48.7 per cent), fertilisers (-45.1 per cent to 43.4 per cent), consumer durables (-9.2 per cent to 33.3 per cent), diesel engi-nes (-11.5 per cent to 26.9 per cent), consumer food (10 per cent to 20.7 per cent) and chemicals (-43 per cent to 18.4 per cent).
In the case of profit margins for 24 industries, the ones that witnessed impr-ovement are; metals (37.2 per cent to 40.8 per cent ), pharma (13.4 per cent to 20.7 per cent), diesel engine (11.7 per cent to 13.5 per cent ) and telecom (2.1 per cent to 11.7 per cent). Profit margins moderated in the case of 19 sectors and they included mining & minerals (40.4 per cent to 29.5 per cent), tea/coffee (15.3 per cent to 10.8 per cent), distilleries (19.4 per cent to 10.7 per cent) and automobiles (6.3 per cent to 5.0 per cent).
( Source : dc correspondent )
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