Business

Sales of listed private manufacturing companies surge 31% in Q4 FY 2020-21: RBI

Reserve Bank of India yesterday released data on the performance of the private corporate sector during the fourth quarter of 2020-21. It is drawn from abridged quarterly financial results of 2,608 listed non-government non-financial companies. Sales of 1,633 manufacturing companies surged by 31.0 per cent on year on year basis in Q4:2020-21 as compared with 7.4 per cent growth in the previous quarter. On year on year basis, Sales growth of information technology (IT) sector companies accelerated to 6.4 per cent in last quarter of FY 2021.

Sales of non-IT services companies recorded a marginal growth after declining in the previous three quarters. This improvement was largely led by trading companies. Manufacturing companies increased their expenditure on raw materials in tandem with the rise in sales during Q4 of FY 21. Staff cost increased for manufacturing companies while remained steady for IT companies in last quarter of FY 2021. It remained in the contraction zone for non-IT services companies. Operating profits of companies of all sectors expanded in this quarter.

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