Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
Webinar :Join an expert panel for a webinar on Smart investments for a secure retirement January 28, 2021. Register now!

Slideshow | Interest cost for these 9 firms was higher than their operating profit in FY20

Due to this higher interest cost burden, companies' bottom line takes a hit

August 04, 2020 / 04:02 PM IST
BSE_Sensex today_Markets_Stock_market_Dalal_street1
While funding is a very important part of any company's plans, the cost of funding is what really matters. On analysis, Moneycontrol found there were nine names among BSE 500 companies whose interest cost was higher than their operating profit (excluding other income) in FY20. Due to this higher interest cost burden, companies' bottom line takes a hit. Here are those nine firms: (Data Source: ACE Equity)
Wockhardt's interest cost for FY20 was Rs 276 crore, while its operating profit for the same fiscal was Rs 98 crore.
Wockhardt's interest cost for FY20 was Rs 276 crore, while its operating profit for the same fiscal was Rs 98 crore.
Future Consumer interest cost for FY20 was Rs 87 crore, while the operating profit for the same fiscal was Rs 45 crore.
Future Consumer interest cost for FY20 was Rs 87 crore, while the operating profit for the same fiscal was Rs 45 crore.
Representative image
Schneider Electric Infrastructure interest cost for FY20 was Rs 48 crore, while the operating profit for the same fiscal was Rs 27 crore.
Bombay Dyeing & Manufacturing Company interest cost for FY20 was Rs 554 crore, while the operating profit for the same fiscal was Rs 328 crore.
Bombay Dyeing & Manufacturing Company interest cost for FY20 was Rs 554 crore, while the operating profit for the same fiscal was Rs 328 crore.
GMR Infrastructure interest cost for FY20 was Rs 3545 crore, while the operating profit for the same fiscal was Rs 2629 crore.
GMR Infrastructure interest cost for FY20 was Rs 3,545 crore, while the operating profit for the same fiscal was Rs 2,629 crore.
DLF interest cost for FY20 was Rs 1427 crore, while the operating profit for the same fiscal was Rs 1135 crore.
DLF interest cost for FY20 was Rs 1427 crore, while the operating profit for the same fiscal was Rs 1135 crore.
Representative image
Arvind Fashions' interest cost for FY20 was Rs 289 crore, while the operating profit for the same fiscal was Rs 231 crore.
SpiceJet
Spicejet interest cost for FY20 was Rs 546 crore, while the operating profit for the same fiscal was Rs 514 crore.
Vodafone Idea interest cost for FY20 was Rs 15392 crore, while the operating profit for the same fiscal was Rs 14913 crore.
Vodafone Idea interest cost for FY20 was Rs 15392 crore, while the operating profit for the same fiscal was Rs 14913 crore.
Moneycontrol News
first published: Aug 4, 2020 03:55 pm

stay updated

Get Daily News on your Browser
Sections