India Inc's sales growth slips, other income grows: RBI report

PTI : New Delhi, Sun Jan 13 2013, 13:57 hrs

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With moderation in the growth of interest expenses and continued support from 'non-core' other income, net profits also went up, reversing the declining trend observed in the previous two half years.

While the net profit margin of the IT sector could be maintained, the non-IT services registered a fall in margin.

Performance of smaller companies was relatively weak as compared with larger companies.

The report covered performance of companies from sectors like textiles, pharmaceuticals and medicines, cement and cement products, iron and steel, motor vehicles and other transport equipment, construction and machinery.

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