Sales of listed manufacturing firms rise 6 pc in FY25: RBI data

MumbaI, 26 June (PTI) sales of manufacturing sector companies in the 2024-25 period, compared to 3.5 percent growth in the previous year, especially automobiles, electrical machines, food and beverages and pharmaceutical industries increased by 6 percent.

On the other hand, among the major industries, the oil and iron and steel sectors in the period of 2024-25 recorded a contraction in sales.

On Thursday, the Reserve Bank published data on the performance of the private institutional sector between 2024-25, and was obtained from shortened financial results of 3,902 government non-financial (NGNF) companies.

Between the years 2024-25, the sales growth of non-financial companies listed in the previous year rose from 4.7 percent to 7.2 percent during the previous year.

RBI, “Despite global winds, IT companies sales growth in the 2024-25 period in the previous year from 5.5 percent to 7.1 percent rose.” He said.

Companies without IT services, telecommunications, transportation and storage services with the healthy performance of the wholesale and retail trade industries led by the 2024-25 period of double-digit sales growth recorded.

In addition, in line with the acceleration in sales, the raw material costs of manufacturing companies increased by 6.6 percent in the 2024-25 period; The raw material / sales rate rose from 54.2 percent to 2024-25 percent a year ago to 55.7 percent and pointed out the cost pressure input.

In addition, the cost of personnel increased by 10 percent, 4.4 percent and 12 percent for 2024-25 periods for production, IT and non-service companies, respectively; The personnel cost / sales rate remained stable for manufacturing companies while being inspected for service companies.

The data showed that with an increase in input costs, the growth of manufacturing companies reached from 12.4 percent to 6 percent in the previous year in 2024-25 period.

In the services sector, profit growth reached 15.9 percent for non-service companies in 2024-25 years, while CT companies rose to 6.1 percent.

In the period of 2024-25, 20 basis points (BPS) for companies without production, IT and IT services, 80 BPS and 30 BPS, 14.2 percent, 21.9 percent and 22.1 percent control.