mumbai after a brief lull in the previous quarter nifty 50 companies are expected to report doubledigit growth in profits with improved profitability in the september quarter aided largely by a better showing by automobile players oil marketing companies omcs metal and mining companies and private sector lenders on the other hand sectors including capital goods cement construction infrastructure it and pharmaceuticals may continue to languish according to the et intelligence groups estimates the nifty 50 set of companies will report a 128 per cent yearonyear jump in net sales for the second quarter operating profit before depreciation pbdit is likely to increase by 178 per cent while net profit may rise by 113 per cent largely seen as a recovery in the previous quarter sales had grown by 10 while operating profit had fallen by 17 and net profit had increased by 08 q1 june 2017 quarter was a foregone story since companies focused on reducing inventories in the runup to the gst implementation q2 will be largely seen as a recovery from q1as inventories are replenished and volumes are likely to improve due to festive demand said mayuresh joshi fund manager angel broking operating margin of the sample may improve by 230 basis points to 207 from the yearago level however the performance will be driven by a handful of sectors and may not depict an overall recovery also read global cues healthy auto sales data spur bullrun in equities automobile companies are expected to report robust numbers given the strong volume growth oil and gas companies too are likely to report record numbers for the second quarter due to high global refining margins on the other hand cement it pharma and power sectors may continue to report lukewarm numbers said sonam udasi fund manager tata mutual fund though the first half of the current fiscal fy18 was marred by the impact of gst implementation and a prolonged monsoon industry observers believe that the second half will show a far better growth due to two factors one experts hope that the goods and services tax gst system will stabilise gradually in the second half two the base effect of the previous year will come into effect the second half of the last year was affected by the governments decision to replace highdenominated currency notes the second half of the fiscal will show better growth considering the low base effect during the corresponding period of last year when growth was impacted due to demonetisation said udasi in addition the profitability of india inc is expected to improve in the long term joshi of angel broking believes that margins will be sticky in the future a gradual shift away from the unorganised sector after demonetisation and gst will support profitability of the organised sector in the long term also read bajaj auto tvs motor hit fresh record high automobiles given the festive demand the second quarter for the auto companies should report doubledigit top line growth however the operating