Companies that have made it to the list include Amara raja batteries, Andhra bank, Aurobindo Pharma, Dr Reddy’s among others

Sixteen companies from Hyderabad have made way to the recently released ‘India’s Top 500 Companies’ report of Dun & Bradstreet (D&B), a provider of global business information and insight.

According to D&B, the ranking is done on the basis of various parametres such as total income, net profit and net worth. It includes both private sector and public sector companies that are listed on stock exchanges.

The companies that have been included in the report are Amara raja batteries, Andhra bank, Aurobindo Pharma, BS Limited, Coromandel International, Cyient, Dr Reddy’s, Gayatri Projects, HBL Power Systems, Heritage Foods, Madhucon Projects, NCC, NMDC, Prism Cement, Ramky Infrastructure and Steel Exchange India Limited.

“Despite subdued consumption demand and inflationary pressures that persisted during FY14, the top 500 Companies managed to show a modest 8 per cent growth in their top line earnings during first nine months of FY14 as compared to the same period previous year.

“On the profitability front, margins declined marginally from 7.5 per cent during 9M FY13 to 7 per cent during 9M FY14. On the back of policy initiatives expected from the new government, we expect revival in the domestic economy in FY15, albeit at a slower pace, as measures to boost business confidence will take time to fructify. For FY15, D&B expects the GDP to grow by 5.5 per cent,” D&B India president and chief executive officer, Kaushal Sampat, stated in a press release.

source: http://www.business-standard.com / Business Standard / Home> Companies> News / BS Reporter / Hyderabad – June 23rd, 2014