Top 5 Companies With The Highest ‘Other Income’

‘Other Income’ is a term that typically appears on an earnings report. It is used to represent income from activities other than normal business operations. The other operations can include investment interest, foreign exchange gains, rent income and profit from the sale of non-inventory assets.

Here, we take a look at to the top 5 companies that have the highest Other Income as of FY12 on a consolidated basis. To arrive at this list, we have used certain filters. We have considered companies that have (a) equity capital of more than Rs 100 crore, and (b) net sales and market capitalisation of more than Rs 200 crore. An interesting point about this list is that it is largely dominated by PSUs.

Read on to learn more.

Adani Enterprises: Ahmedabad-based Adani Enterprises, along with its subsidiaries, is engaged in trading, power, ports, agro and real estate business activities in India and internationally. It is involved in mining, processing, exploration and development of various coal properties in India, Indonesia and Australia. It trades coal to various central and states utilities and private players in India. The company also owns and operates the Mundra and Dahej ports in India and Abbot Point port in Australia. It provides multi-modal logistics services and is involved in the generation and transmission of power. In addition, it also has a significant presence in edible oil refining and agro storage business activities.

The company has topped our list, with Other Income of Rs 8667.36 crore in its books as of FY12. Its topline stands at 31236 crore and the market capitalisation stands at Rs 23689 crore. In the last one year, the company has yielded a negative return of 43.04%.

Coal India: Coal India (CIL), a Maharatna company, is an organised state-owned coal mining company that came into existence in the year 1975, with the government taking over private coal mines. With a modest production of 79 Million Tonnes (MTs) in the year of its inception, CIL is currently the single largest coal producer in the world. It operates through 81 mining areas. CIL is an apex body with 7 wholly-owned coal producing subsidiaries and 1 mine planning and consultancy company spread over 8 states in India.

The company has Other Income of Rs 7536.90 crore as of FY12 on a consolidated basis. Its net sales amount to Rs 62415 crore, with the market capitalisation at Rs 221704.24 crore. In the last one year, its performance on the price front has remained flat and it has yielded a return of 3.40%.

Bharat Petroleum Corporation: Bharat Petroleum Corporation (BPCL) engages in the refining of crude oil and marketing of petroleum products, as well as exploration and production of hydrocarbons. It serves the automotive industry, household consumers, residential complexes and commercial and industrial establishments and various industrial customers comprising industries from the public and private sectors. The company’s marketing network includes installations, depots, aviation service stations, retail outlets, LPG bottling plants and LPG distributors. It also has interests in 26 exploration blocks, which include 11 blocks located in India and 15 blocks located in Australia, East Timor, Indonesia, United Kingdom, Mozambique and Brazil.

With net sales of Rs 207151 crore, the Other Income of the company stood at Rs 6444.68 crore. In the last one year, it has yielded a negative return of 35.82%. The market capitalisation of the company stands at Rs 26142 crore.

Oil and Natural Gas Corporation: Oil and Natural Gas Corporation (ONGC) engages in the exploration, development, production and refining of oil and gas in India and internationally. The company’s products include crude oil, natural gas, liquified petroleum gas, naphtha, ethane/propane and kerosene oil, to name a few. It is also involved in power generation, liquefied natural gas supply and pipeline transportation activities and the provision of petrochemicals.

As of FY12, the Other Income for the company stood at Rs 4794 crore and the net sales were at Rs 147305 crore. In the last one year, the stock has yielded a return of 15.35%.

Reliance Industries: This is a company that scarcely needs an introduction. The Reliance Group, founded by Dhirubhai H. Ambani, is India's largest private sector enterprise, with businesses in the energy and materials value chain. The group's annual revenues are in excess of USD 66 billion. Its flagship company, Reliance Industries (RIL), is a Fortune Global 500 company and is the largest private sector company in India. Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top 5-10 producers in the world in major petrochemical products.

In the last one year, the movement of the stock has remained flat, yielding a return of mere 2.28%. Its Other Income stood at Rs 4498 crore as of FY12 and the net sales were at Rs 358259 crore. The market capitalisation stands at a whopping Rs 254749 crore.