Contact Your Financial Adviser Money Making MC
28
August 2017
 |
SBI (The Total Investment & Insurance
Solutions)
The yearly
State Bank of India (SBI) Composite Index, an indicator for tracking India’s
manufacturing activity, has reached a 12-month high in August at 50.9 9low
growth) compared to last month’s index of 50.3 (low growth). SBI says, based in
its Composite Index, it believes that the industrial growth (IIP new series)
may be in the positive territory in July and August 2017 albeit
marginally.
 |
SBI (The Total Investment & Insurance
Solutions)
SBI's
monthly index has declined below the benchmark 50 and is at 49.9 (Low Decline)
in August 2017, compared 51.2 (Low Growth) in July. The Total Investment & Insurance
Solutions
 |
SBI (The Total Investment & Insurance
Solutions)
In a report,
SBI says, from the list of 2,735 listed entities that have declared first
quarter results so far, it observed growth of 9.9% in net sales whereas
earnings before interest, tax, depreciation and amortization (EBITDA) and
profit after tax (PAT) showed a negative growth of 1.8% and 15.8%, respectively
over same quarter in FY2017. It says, "Sans bank, insurance, finance and
refineries, the decline in growth numbers is steep. Net Sales increased by 7.7%
whereas EBIDTA and PAT recorded a negative growth of 4.1% and 16.1%,
respectively. Further, while 159 entities reported loss to profit, 226 reported
profit to loss in the said period."
The Total Investment & Insurance Solutions
 |
SBI (The Total Investment & Insurance
Solutions)
"Overall,
these results do not augur well for some entities. There are also some entities
that have consistently performed well considering overall adverse industry
performance. Hence, company or entity specific performance that is consistent
appears to gaining momentum rather than industry as a whole," the report
concluded.The Total Investment &
Insurance Solutions
No comments:
Post a Comment