Top 5 Companies With Increasing Net Profits In The Past 5 Quarters

For the past few trading sessions, the markets have been reeling under pressure. The main reason for this is the depreciating INR. However, it may help to look beyond this negative buzz that we have heard so far. The Finance Minister P Chidambaram too, in a media statement, has said that there is no reason to be pessimistic.

Taking cues from this, we present to you the top 5 companies that have witnessed a consistent rise in their Profit After Tax (PAT) levels for the past 5 quarters.

To arrive at this list, we have taken into consideration companies with a market capitalisation of more than Rs 100 crore, Q1FY14 PAT more than Rs 50 crore and the highest gains on a YoY basis. Read on to know more...

Vardhman Textiles: The Vardhman Group is a leading textiles conglomerate in India, whose operations span over 24 manufacturing facilities in five states across India. The group's business portfolio includes yarn, greige and processed fabric, sewing thread, acrylic fibre and alloy steel. Its manufacturing facilities include over 927430 spindles, 55.5 tonnes yarn and fibre dyeing per day, 900 shuttleless looms, 90 million metres of processed fabric per annum, 33 tonnes of sewing thread per day, 20000 metric tonnes of acrylic fibre per annum and 100000 tonnes of special and alloy steel per annum.

The company has witnessed a consistent rise in its PAT, which has witnessed an astounding growth of 163% on a YoY basis to stand at Rs 115.25 crore as of Q1FY14. The stock has generated YTD returns of 18.36% and is trading at a TTM PE of merely 4.56x.

HCL Technologies: HCL Technologies has been one of the fastest growing technology companies not only in India but in the world - even during the economic downturn. As a USD 4.6 billion global company, it brings IT and engineering services expertise under one roof to solve complex business problems for its clients. Leveraging its extensive global offshore infrastructure and a network of offices in 31 countries, the company provides holistic, multi-service delivery in such industries as financial services, manufacturing, consumer services, public services and healthcare.

With a PAT of Rs 1447.21 crore during Q1FY14, its YoY growth stands at a whopping 120%. The stock has yielded a positive return of 49.69% on YTD basis and is available at a PE of 17.52x.

Bank of Maharashtra: Bank of Maharashtra was founded in 1935 and is headquartered in Pune. It provides banking products and services in India. The bank currently operates through its outlet of 1728 branches, 692 ATMs and 102 Mahabank Gram Sewa Kendras.

With a PAT of Rs 266.33 crore during Q1FY14, its YoY growth stands at 90%. The stock has given a negative return of 36.47% on YTD basis and is available at a PE of 2.95x.

Persistent Systems: Persistent Systems is a global company specialising in software products and technology innovation. For more than two decades, it has partnered closely with pioneering start-ups, innovative enterprises and the world's largest technology brands. The firm has utilised its product engineering processes to develop best-in-class solutions for customers in sectors like technology, telecommunication, life sciences, healthcare, banking and consumer products across North America, Europe and Asia.

The company has witnessed a consistent rise in its PAT and has witnessed a growth of 73% on a YoY basis to stand at Rs 69.54 crore as of Q1FY14. The stock has generated flattish YTD returns of 0.50% and is trading at a TTM PE of 9.85x.

IndusInd Bank: IndusInd Bank, which commenced operations in 1994, caters to both consumer and corporate customers. As on September 30, 2012, the bank has 441 branches and 796 ATMs spread across 303 locations in the country. It also has two representative offices, one each in London and Dubai. It has multi-lateral tie-ups with other banks, providing access to their ATMs for its customers. It enjoys clearing bank status for both major stock exchanges - BSE and NSE - and three major commodity exchanges in the country - MCX, NCDEX and NMCE.

With a PAT of Rs 334.84 crore during Q1FY14, the YoY growth stands at 42%. The stock has given a negative return of 12.15% on a YTD basis and is available at a PE of 16.83x.