Online BusinessSunil Jain: In the black
- Parsvnath Q2 net up three fold to Rs 61.43 cr - Banco Products net up 99% at Rs 21-cr - Indusind Bank Q2 net zooms 131% at Rs 77.8 cr - HDFC Bank Q2 net jumps 30% at Rs 687.46 cr - Mid & small-cap firms to see single-digit growth - Geojit BNP Paribas Q2 net zooms 150%
Sensex ends up 35pts
While it expects sales growth to accelerate by December, it finds that profit margins are once again back to normal levels. Combine this with the increased efficiencies of India Inc — a decline in the number of working capital days, debtor days which have not gone up despite the big liquidity crisis and a very low debt-equity ratio of 0.88 — and CMIE concludes India Inc is ready to begin its next cycle of investment.
According to CMIE, while 400 projects worth Rs 130,000 crore were commissioned in April-September 2009, this will go up to Rs 300,000 crore in October-March 2010. More important, while fresh investment proposals had dropped to Rs 170,000 crore in April-June 2009 (a 3-year low), fresh investment proposals were back to Rs 330,000 crore in July-September 2009. On average, the order book position of capital goods and construction companies continue to be over 2.5 years of sales. Happy Diwali! (see graph)