Indian companies recorded a decelerating sales growth rate in the first half of the current fiscal, while it was ‘other income’ helping them post a decent growth in net profits, an analysis of Res...
Like in the last few quarters, top Indian companies got a fillip from non-business income, i.e. other income, during the quarter ended September, boosting their bottom line.
The country's oldest stock exchange BSE, which is looking to go public soon, recorded total revenue of Rs 578.4 crore in the last fiscal, but more than half of this came from gains on investments, deposits, rental earnings and other income.
Increase in expenses, coupled with a dip in other income, weighed down LIC Housing Finance profits in the first quarter.
The company reported a 11 per cent decline in net profit at Rs 228...
Hindustan Zinc, a Vedanta Group company, has reported six per cent increase in net profit in the first quarter at Rs 1,581 crore (Rs 1,495 crore) on the back of substantial jump in other income.