Companies with more than 100% profit jump in March 2017
May 24 2017 12:47 PM , Dynamiclevels Daily Outlook , 4 Comments
Dynamic Research team have identified list of companies who have registered a huge jump in Profit after Tax (PAT) in March 2017 as compared to March 2016.
Jindal Steel HISAR has registered 772% growth in yearly PAT. The revenue of the company has gone up by 7.30% from Rs. 7244.94 crs in March 2016 to Rs. 7774.48 crs in March 2017. Operating Profit jumped by 28.17%. There was no major exceptional Item for both the years. The company has lowered its interest cost from Rs 494.58 crs in 2016 to Rs.431.41 crs in 2017. The Jindal Steel Hisar plant envisioned a self reliant India for meeting its stainless steel demand. Stainless steel then was no less than a luxury metal and India was completely dependent on imports to fulfill its demand, which attracted duties of up to 300%. Jindal Steel Hisar is India’s first stainless steel manufacturing unit.
All major Sugar companies have turnaround from loss units to profit units after a partial decontrol from September 2015. The Sugar Companies are now allowed to sell sugar above their cost price to meet up their expenses. EID Parry and Dwarkesh has shown a huge yearly PAT jump.
Srei Infra has registered a PAT jump of 295% where revenue was up by 43%. Srei Infrastructure Finance Limited is a leading infrastructure financing conglomerate in India. Srei believes in being the driving force for entrepreneurs. By empowering over 30,000 customers through their bouquet of services, they have created value proposition towards their customers and partners which is much beyond finance. Their services in the infrastructure sector include: Infrastructure Project Finance, Advisory and Development, Infrastructure Equipment Finance, Alternative Investment Funds, Capital Markets and Insurance Broking.
Please find the complete list below:
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