mumbai india inc is finally showing signs of a turnaround in terms of revenues and profits an analysis of top listed companies results barring some exceptions showed that net profit growth in the januarymarch quarter q4fy16 soared 40 on a yearly basis which is the highest in the last 11 quarters the analysis by crisil also showed that total revenues of these 642 companies grew at 61 the fastest in the last five quarters while growth of ebitda earnings before interest taxes depreciation and amortisation at 152 was at a sixquarter high the performance of india inc has been driven by a combination of improvement in operating performance and extraordinary gains without the oneoffs too bottom line growth is an impressive 173 said prasad koparkar senior director crisil research while aggregate top line growth was 61 ebitda grew faster at 152 a sixquarter high which was aided by low commodity prices koparkar said data showed that during q4fy16 these 642 companies which represented 72 of nses total market capitalisation earned a total net profit of rs 49349 crore from a total revenues of rs 618 lakh crore on an annual basis during fy16 these companies earned an aggregate net profit of rs 179 lakh crore up 167 on fy15 from an aggregate revenue of rs 2298 lakh crore which was up 25 on the years read also nomura says q4 marks turning point for india incs earnings these figures do not include results by financial and oil companies vedanta and tcs the last two since there were large oneoffs for these companies during fy16 and hence strictly not comparable on the sectoral front power airlines it sugar and auto components drove net profit growth while telecom and passenger car firms have lagged koparkar said the analysis showed that airlines power it and sugar industries demonstrated strong growth in ebitda companies in airlines it and auto components sectors benefited from extraordinary gains too which lifted aggregate net profit growth to 399 adjusted for extraordinary income aggregate net profit growth for these companies was a more moderate 173 data showed the analysis also showed that pharmaceutical companies reported a 14 revenue growth driven by midsized companies aggregate operating margin improved by close to 200 basis points due to better product mix and lower raw material cost which offset higher other costs and compliance expenses crisil research said compared to these industries which showed better performance telecom companies showed a 95 revenue growth following sharper focus on realisation and volume improvement however net profit margin declined 108 basis points because of higher interest expense arising from loan taken to purchase spectrum in the automobile segment maruti suzuki kept cruising with revenue growing 123 helped by a rise in realisation however exports dropped 86 and operating margin by 50 basis points on higher marketing outgo rise in tax and depreciation and a fall in other income resulted in net profit margin shrinking 200 basis points crisil research said tnn published on jun 3 2016