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How FBT Was Hurting India Inc

Company Name
Annualised 
FBT
M-Cap Impact 
(Rs cr)
FBT % of Net Profit

India Cements
2.3
45.3
9.6
New Delhi Television
1.8
359.4
9.0
Apollo Tyres
4.4
45.8
6.4
Lupin
8.5
127.6
4.8
Indian Oil Corp
53.6
1,225.3
4.5
Siemens*
6.7
241.1
3.4
Larsen & Toubro
21.7
504.5
3.4
Novartis India
3.9
49.0
3.3
CMC
1.6
44.3
3.1

Calculations are based on pre-budget FBT rules, and on nine-month figures (Dec ’05).
* For quarter ended Dec ’05
Published At:
US