Oil & gas boosts India Inc's profits

Mumbai : Commodity-related sectors hurt, especially due to rise in raw material cost. The analysis of the first quarter (April-June) results reflects a slowdown in net profit growth rate, along with pressure on operating margins for India Inc.

Some sectors were hurt significantly. The revenue growth rate was hit in sectors such as automobiles, capital goods, chemicals, construction, sugar, pharmaceuticals, petrochemicals, realty, shipping and textiles. Sectors that were able to buck the trend, insofar as net sales growth is concerned, were oil and gas, trading non-ferrous metals, tyres, cement, telecom, fertilisers, steel and power generation.