Listed private non-financial companies reports 7.1% sales growth during January-March: RBI
RBI’s recent data released showed that the sales of listed private non-financial companies grew by 7.1 per cent during January-March quarter of 2024-25 as compared to 8 per cent expansion in the previous quarter and 6.9 per cent during the year. The Reserve Bank has released data on the performance of the private corporate sector during the fourth quarter of 2024-25, drawn from abridged quarterly financial results of 2,936 listed non-government non-financial companies. The data showed an aggregate sales growth (year-on-year) of 1,659 listed private manufacturing companies moderated to 6.6 per cent during Q4 FY25 from 7.7 per cent during the previous quarter.
RBI indicated that the major industries such as electrical machinery, chemicals, food products and pharmaceuticals industries have recorded a double-digit sales growth, meanwhile, the performance of petroleum industry pulled down the sector's sales growth. It added, sales growth of IT companies improved further to 8.6 per cent in Q4 from 6.8 per cent in the previous quarter and 3.1 per cent a year ago. On the other hand, sales of non-IT services companies continued to grow in double digits at 10.9 per cent in Q4, on the back of good performance of telecommunication and transport & storage companies.
The data revealed that the manufacturing companies’ expenses on raw material rose by 8.3 per cent (year-on-year) in tandem with their sales growth, however, raw material to sales ratio broadly remained stable during Q4 from the previous quarter. Moreover, the staff cost of manufacturing, IT and non-IT services companies rose by 10 per cent, 6.4 per cent and 9.5 per cent, respectively, during Q4 FY25. The staff cost to sales ratio for manufacturing, IT and non-IT services companies broadly remained stable at 5.5 per cent, 48.0 per cent, and 10.1 per cent, respectively, during Q4 FY25.
