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IndianOil Tops Business Standard's 'BS 1000' listing
Indian Oil Corporation Ltd. remained India's biggest company in Business Standard's 'BS 1000' listing released recently, considering that it is the first Indian corporate to cross Rs 200,000 crore in sales for the year 2006-2007.
IndianOil is also ranked No. 3 in operating profit, net profit and assets among the 1000 companies in the listing. IndianOil is ranked No. 4 in terms of net worth and No. 20 in terms of market capitalisation.
Indian companies set a scorching pace in 2006-2007 on the back of a sharp rise in domestic demand and benign macroeconomic conditions. In the process, BS-1000 companies posted a 32.7 per cent increase in sales--the highest ever. Net profit grew 46.3 per cent, the third highest rise ever. Revenues nudged half a trillion dollars at $489 billion (with dollar value of Rs 39.28). An interesting feature of corporate performance in 2006-2007 was the strong show by refineries and the oil marketing companies. The sector posted a healthy 51.6 per cent rise in net profit, partly on account of oil bonds and rising refinery margins.
The top 1000 listed companies are ranked on the basis of their consolidated net sales in 2006-07. Consolidated sales include 100 per cent of the sales of all subsidiaries of the parent company, including listed ones. The BS 1000 companies are ranked on the basis of their consolidated net sales, operating profit, net profit, assets and net worth for 2006-2007.
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| Updated on February 15, 2008 |
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