A Study on Profitability Evaluation of Select Pharmaceutical Companies in India
Indian pharmaceutical industry has a major contribution in Indian GDP, and which has nearly 23,000 units around the country. This industry increases its unit for last two decades. The companies belongs to manufacturing industry has to concentrate of operating cost, the operating cost is one of the major deciding factors in determination of profitability, profitability is key objectives of all types of business . The manager has to concentrate more on the improvement of profitability, the determinants of profitability covers in the area of operating functional department and mainly the financial area to be concentrated more than other functional areas. In order to improve profitability of companies financial liquidity, solvency, cost management should be focused. Profitability is ability of company to improve or increase the trading profit or income. in order to find the strength and weakness towards profitability of firm the present study is undertaken, this study is descriptive nature, the selected pharmaceutical companies profitability measures by descriptive statistic method and Anova, finally it conclude that the selected companies having good ability to maintain profit.
Author's Name: V. Sundhara Moorthy and Dr.K. Anandanatarajan
Volume: Volume 14
Issues: Issue 3
Keywords: Indian Industry, Pharmaceutical, Profitability, Liquidity.