Sales of listed non-financial private companies grow 7.1% in January-March: RBI

Gross sales of listed personal non-financial corporations registered a 7.1 per cent progress throughout January-March quarter of 2024-25 as in comparison with 8 per cent of growth within the earlier quarter and 6.9 per cent throughout the 12 months, based on RBI knowledge launched on Thursday.

The Reserve Financial institution launched knowledge on the efficiency of the personal company sector throughout the fourth quarter of 2024-25, drawn from abridged quarterly financial results of two,936 listed non-government non-financial corporations.

Mixture gross sales progress (y-o-y) of 1,659 listed personal manufacturing corporations moderated to six.6 per cent throughout This autumn:2024-25 from 7.7 per cent throughout the earlier quarter.

RBI mentioned that whilst main industries equivalent to electrical equipment, chemical compounds, meals merchandise and prescription drugs industries recorded a double-digit sales growth, weak efficiency of petroleum business pulled down the sector’s gross sales progress.

Yearly, gross sales progress of IT corporations improved additional to eight.6 per cent in This autumn from 6.8 per cent within the earlier quarter and three.1 per cent a 12 months in the past.

Alternatively, gross sales of non-IT providers corporations continued to develop in double digits at 10.9 per cent in This autumn, on the again of fine efficiency of telecommunication and transport & storage corporations. “Manufacturing corporations’ bills on uncooked materials rose by 8.3 per cent (y-o-y) in tandem with their gross sales progress, nonetheless, uncooked materials to gross sales ratio broadly remained steady throughout This autumn from the earlier quarter,” RBI mentioned.

Workers price of producing, IT and non-IT providers corporations rose by 10.0 per cent, 6.4 per cent and 9.5 per cent, respectively, throughout This autumn:2024-25.