Bharat Heavy Electricals 
Limited (BHEL), Larsen & Toubro (L&T), Bharat Electronics Ltd. and Kirloskar Brothers are the major companies from the sector, which have made it to the B&E list of 100 most profitable companies. Despite the rising cost of raw material, the earnings visibility and margins of the companies in the sector have improved, thanks to the robust order flows. BHEL grabbed rank one in the capital goods sector notching up profits of Rs.24.15 billion, 44% higher than last year. L&T, with its 39% higher profits of Rs.14.03 billion, ranked second in the sector. The company had revenues of Rs.179.01 billion; 18% of which came from its international operations. Fourth in place is Bharat Electronics that secured profits of Rs.7.14 billion, as compared to Rs.5.53 billion in 2005-06. Kirloskar Brothers, which failed to make it to the list last year, has made it this time because of a gigantic leap of 106% in its profits, which reached Rs.3.36 billion. Tariff s on the capital goods sector, which is on a continuous decline (from 20% in 2003-04 to 12.5% in 2006-07), helped the sector clock record growth.
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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Limited (BHEL), Larsen & Toubro (L&T), Bharat Electronics Ltd. and Kirloskar Brothers are the major companies from the sector, which have made it to the B&E list of 100 most profitable companies. Despite the rising cost of raw material, the earnings visibility and margins of the companies in the sector have improved, thanks to the robust order flows. BHEL grabbed rank one in the capital goods sector notching up profits of Rs.24.15 billion, 44% higher than last year. L&T, with its 39% higher profits of Rs.14.03 billion, ranked second in the sector. The company had revenues of Rs.179.01 billion; 18% of which came from its international operations. Fourth in place is Bharat Electronics that secured profits of Rs.7.14 billion, as compared to Rs.5.53 billion in 2005-06. Kirloskar Brothers, which failed to make it to the list last year, has made it this time because of a gigantic leap of 106% in its profits, which reached Rs.3.36 billion. Tariff s on the capital goods sector, which is on a continuous decline (from 20% in 2003-04 to 12.5% in 2006-07), helped the sector clock record growth.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
http://iipm-centers.blogspot.com/
http://placements-iipm.blogspot.com/
http://iipm-web.blogspot.com/
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