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Top 10 pvt firms 2000-01 sales income crosses Rs 1 trillion

BS Regional Bureau & BS Research Bureau

The aggregate net sales income of India's top 10 private sector companies crossed the Rs 1000 billion mark for the financial year 2000-01, at Rs 1020.58 billion.

Net sales income registered a hefty rise of Rs 389.92 billion, largely due to Reliance Petroleum, which commenced commercial production during the year. With net sales of Rs 294.41 billion, Reliance Petroleum jousted Reliance Industries from the number one position among the private sector companies. Reliance Industries slipped to second place with net sales income of Rs 254.22 billion, followed by Hindustan Lever with Rs 106.04 billion.

The top corporates have done well in terms of rise in net sales in percentage terms, though the slowdown in the economy seems to have taken a toll on net profits.

Net sales of the nine companies (excluding Reliance Petroleum from the top ten league) increased by 15.14 per cent while net profits declined 1.94 per cent. Three auto majors in the top 10 list -- Tata Engineering, Mahindra & Mahindra and Bajaj Auto -- reported a drop in net sales. While Bajaj Auto and Mahindra & Mahindra reported an over 50 per cent decline in net profits, Tata Engineering recorded a net loss of Rs 5 billion, against a profit of Rs 712 million at the end of last year. The top three private sector companies, ranked in terms of sales, accounted for Rs 654.67 billion or 64.15 per cent of the total net sales, with two Reliance group companies taking the bulk of the share - Rs 548.63 billion or 53.76 per cent of the net sales.

The other private sector companies that have found a place in the top 10 by sales are Larsen & Toubro in the fourth place (net sales of Rs 73.79 billion), followed by Tata Steel (Rs 68.39 billion), Tata Engineering (Rs 68.04 billion), Grasim (Rs 48.22 billion), ITC (Rs 42.04 billion), Mahindra & Mahindra (Rs 35.21 billion) and Bajaj Auto (Rs 30.23 billion).

Compared to the rankings at the end of 1999-2000, L&T displaced Tata Engineering in the number 4 position, with the latter having slipped to the number 6 slot. Tata Steel moved up one notch to number 5, while Grasim, ITC, Mahindra & Mahindra, and Bajaj Auto retained their relative ranks.

Four firms - Reliance Industries, Reliance Petroleum, Hindustan Lever, and ITC - achieved net profits of over Rs 10 billion, accounting for 85.05 per cent of the net profits of the top 10 companies. Two Reliance group companies took the bulk with a share of 54.39 per cent.

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