Decent growth for unlisted cos in 2007
Decent growth for unlisted cos in 2007
Around 45 per cent of the total unlisted companies have reported stronger profits in FY07 over FY06.

Mumbai: Financial year 2007 had been good for India Inc. The 1470 companies that are listed on the BSE have shown a fair growth in their profitability. Their net profit and net sales have grown respectively by 42.50 per cent and 29.30 per cent in FY07 over FY06.

With investors concentrating on listed companies, the performance of the unlisted companies, which also contributes in the strong performance of India Inc, is often ignored. There are around 130 unlisted companies and these companies have posted a growth in their net profit and net sales by about 37.76 per cent and 22.50 per cent respectively.

Around 45 per cent of the total unlisted companies have reported stronger profits in FY07 over FY06 and 39.23 per cent of the companies have witnessed a fall in their profitability.

Amongst the limited companies, 56.24 per cent companies have witnessed a growth in their net profit and around 39.11 per cent has seen it fall in the above-mentioned period.

Comparing the strong profit given by the percentage of number of listed companies and unlisted companies, experts feel that unlisted companies have given a decent growth in FY07.

The company to make it to the top of the list of unlisted companies is Madhukan Investment. The company's profitability has beefed up 6600 per cent.

South West Port's net profit strengthened by 3947.17 per cent. Its net profit has jumped from Rs 0.53 cr in FY06 to Rs 21.45 cr in FY07. The company is into.

Tantia Concrete, a mini cement company in North India, has seen a 3566 per cent jump in their net profit. In FY06 the net profit was Rs 0.09 cr and in FY07 it was Rs 3.3 cr.

Kotak Mahindra Prime Ltd, a finance and investment company, have seen their profits doubling from Rs 20.88 cr in FY06 to Rs 57.34 cr in FY07.

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