Net sales figures of the
companies considered have also moved to Rs.4.54 trillion from Rs.3.56 trillion for the corresponding period in previous year; up by almost 28%. According to K. K. Mittal, Vice President and Head, Escorts Asset Management Limited, “Indian companies are on a roll at the moment... Results for this quarter are very good and the trend is expected to continue in future.” The best part is that India Inc. has achieved this growth despite the fact that oil prices remained at their all time high and the raw material prices hiked to record levels in the last quarter. Cement companies have been smiling all the way to the bank during this quarter
companies considered have also moved to Rs.4.54 trillion from Rs.3.56 trillion for the corresponding period in previous year; up by almost 28%. According to K. K. Mittal, Vice President and Head, Escorts Asset Management Limited, “Indian companies are on a roll at the moment... Results for this quarter are very good and the trend is expected to continue in future.” The best part is that India Inc. has achieved this growth despite the fact that oil prices remained at their all time high and the raw material prices hiked to record levels in the last quarter. Cement companies have been smiling all the way to the bank during this quarterFor Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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