India’s Top 500 Companies 2019

INDIA’S TOP 500 COMPANIES 2019 91 Quarterly Financial Updates The India’s Top 500 Companies 2019 publication has analyzed the performance of companies and ranked themon the basis of their financial numbers during FY18. For the purpose of analysis, Dun & Bradstreet has identified 488 companies from among India’s Top 500 companies which have consistently published their quarterly interim results during the three-year period ending 31 December 2018 (June, September and December quarters of FY17, FY18 and FY19). Earnings Score Card Parameters y-o-y comparison 9M Aggregate Comparison (% change over corresponding quarter in previous year) (y-o-y change in %) Q1FY19 Q2FY19 Q3FY19 Apr-Dec 2017 Apr-Dec 2018 Total income 18.5 21.1 17.9 12.3 19.1 Total expenses 22.0 25.7 17.6 10.1 21.7 PAT 13.1 1.1 9.1 -0.3 7.6 Source: Dun & Bradstreet Research, Prowess The Oil – Refining & Marketing, Banking, Software & BPM and Automobiles sectors were the biggest contributors to the aggregate income of Top 500 Companies during 9MFY19. They collectively accounted for 53% of the aggregate total income during the three-quarter period. During the nine-month period ended December 31, 2018, the top 10 sectors barring Banks and Power posted a double-digit growth in income. The Oil – Refining & Marketing sector (25.3% share in aggregate total income of Top 500 Companies) grew by a robust 32.8% as compared to the corresponding period a year ago. This was on account of better realisations due to firming up of oil prices and inventory gains. The total income of the banking sector grew by 9.4% y-o-y, on account of rise in credit extension. The Power sector, however, recorded a modest 3.5% growth during the period. The aggregate income of Construction - Infrastructure Development sector grew by a handsome 25.6% y-o-y during the 9MFY19, owing to demand from the infrastructure sector and the inflow of investments. According to the Department of Industrial Policy and Promotion (DIPP), Construction - Infrastructure sector is one of the top 10 sectors in India attracting highest FDI equity inflows. As per DIPP, the FDI inflows received in Construction - Infrastructure Development sector from April 2000 to December 2018 stood at USD 14.4 bn. Top 10 sectors - largest contributors in terms of Total income (3Q FY19) Sectors Growth in total income 9M Aggregate Comparison 9M Aggregate Comparison % share in agg. Total income during 3Q FY19 (% change over corresponding quarter in previous year) (y-o-y change in %) (y-o-y change in %) Q1FY19 Q2FY19 Q3FY19 Apr-Dec 2017 Apr-Dec 2018 Oil - Refining & Marketing 28.2 42.4 28.8 17.0 32.8 25.3% Banks 9.5 5.8 12.9 11.6 9.4 16.6% Software & BPM 13.5 16.9 15.2 5.5 15.2 5.5% Automobiles 32.7 14.1 7.1 16.2 17.2 5.4% Fis/NBFCs 18.5 22.5 9.0 12.8 16.4 4.2% Power 1.9 7.8 0.9 5.2 3.5 3.3% Iron & Steel 28.5 25.5 10.0 30.7 20.8 3.0% Construction - Infrastructure Development 15.8 34.8 26.1 8.5 25.6 2.3% Pharmaceuticals 20.8 15.6 13.0 -3.7 16.2 2.0% Cement 14.7 9.8 15.9 13.2 13.5 1.8% Source: Dun & Bradstreet Research, Prowess database Dun & Bradstreet