FINANCIAL PERFORMANCE OF INDIAN AUTOMOBILE SECTOR
Keywords:
Market Structure, TechnologyAbstract
The purpose of financial analysis is to diagnose the information contained in financial statements so as to judge the profitability & financial soundness of the firm. Just like a doctor examines his patient by recording his body temperature, blood pressure, etc. before making his conclusion regarding the illness & before giving his treatment, a financial analyst analyses the financial statements with various tools of analysis before commenting upon the financial health or weaknesses of an enterprise. The analysis & interpretation of financial statements is essential to bring out the mystery behind the figures in financial statements. Information about financial performance is primarily provided in a Statement of Profit and loss (also known as Income Statement). Information about the performance of an enterprise, in particularits profitability, is required in order to assess potential changes in the economic resources that it is likely to control in the future.
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