(This story appears in the 08 June, 2012 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)
@deepak Hindustan and Bharat Petroleum are companies which are given a lot of subsidies by the govt . and these subsidies result in decreasing the price of crude oil provided by the govt to them , but the taxes are pretty high on refined oil which makes the profits of these companies less , well the sales are high because there is no other working alternative to petrol
If we consider the sales to profit ratio, looks like Bharat Petroleum and Hindustan Petroleum have high sales but for comparatively lower profit. Every other company with sales more than 10 billion has a profit of at least more than 1 billion. Any ideas why?