How FBT Was Hurting India Inc

How FBT Was Hurting India Inc
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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
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