9 more Gujarat Companies Join Rs.1000 Crore Sales Club

July 09, 2008
Business



Gujarat Companies that started achieving
Rs1,000 Crore Plus Per Annum Sales after 2005

Company Sales in Crore Rs. Year 2008 Sales in Crore Rs. Year 2005 Difference(%)
Electrotherm India 1325..4 183.8 621.2
Kalpataru Power 1,737.6 541.8 220.7
Torrent Pharma 1312.0 497.6 163.7
Sintex Industries 1,655.7 658.7 151.4
GHCL 1069.9 525.2 103.7
Alembic 1,003.2 520.1 92.9
Micro Inks 1,500.3 918.1 63.6
Gujarat Gas 1,244.6 615.9 50.6
Gujarat Alkalies 1,133.6 902.9 25.6


Gujarat Companies that started crossing
Rs100 Crore Net Profit Per Annum after year 2005

Company Profit in Year 2008(Rs. in crore) Profit in Year 2005(Rs. in crore) % Growth
Welspun Gujarat 351.4 33.8 939.6
Kalpataru Power 149.8 28.7 421.9
Sintex Industries 216.3 53.9 301.3
Torrent Pharma 155.5 52.8 194.2
Gujarat Gas 159.1 90.4 76.0

Ahmedabad, Gujarat

In year 2005, there were 14 Gujarat based companies who had 1000 crore or more sale per annum. After three years, in financial year 2008, nine more Gujarat based companies are added to 1000 crore sales club. What’s more, number of firms to make net profits of over Rs100 crore also went up to 14 from 10 in the same period.

Ahmedabad based Electrotherm, with more than 600% growth in sales in three years heads the Rs. 1000 crore sales club. Kalpataru power, Torrent Pharma, Sintex Industries are also on the list. Welspun Gujarat registered 900% growth in profits in three years, followed by Kalpataru Power, Sintex Industries, taking their net profits to more than Rs100 crore.

Of the five new companies that earned net profits of more than Rs100 crore in the last three years, four moved into the Rs1, 000 crore-plus brackets in sales. Essar Oil LTD was the only company to drop out of the Rs1, 000 crore sales list, while Arvind Mills fell off the list of firms with net profits exceeding Rs100 crore over that time.

Of the top 22 companies with more than Rs1,000 crore sales in Financial Year 2008, six are from the chemical and fertilizer sector, while four are from the pharma sector. Sun pharma, Cadila Healthcare, Alembic LTD and Torrent Pharma too reported sales of more than Rs1,000 crore.

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