(24 Feb 2025, 17:47)

Sales growth of listed private non-financial companies accelerates to 8% y-o-y during Q3:2024-25

Reserve Bank of India or RBI stated in a latest update that sales of listed private non-financial companies increased by 8.0 per cent (y-o-y) during Q3:2024-25 as compared with 5.4 per cent in the previous quarter and 5.5 per cent in the corresponding quarter a year ago. Sales growth (y-o-y) of 1,675 listed private manufacturing companies improved to 7.7 per cent during Q3:2024-25 from 3.3 per cent during the previous quarter, mainly driven by higher sales growth in automobiles, chemicals, food products and electrical machinery industries; sales revenue of petroleum, iron and steel, and cement industries, however, contracted on an annual basis. The central bank noted that Information Technology (IT) companies recorded a rise of 6.8 per cent (y-o-y) in their sales in Q3 from 3.2 per cent a year ago. Non-IT services companies recorded 11.5 per cent sales growth (y-o-y) during Q3:2024-25 over and above 12.9 per cent growth in the corresponding quarter of the previous year.

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Sales growth of listed private non-financial companies accelerates to 8% y-o-y during Q3:2024-25