Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Listed private manufacturing firms' sales soar 75 pc in Q1 on low base: RBI data.


Date: 07-09-2021
Subject: Listed private manufacturing firms' sales soar 75 pc in Q1 on low base: RBI data
Sales of 1,647 listed private manufacturing companies recorded "extraordinarily high" growth of 75 per cent in the first quarter of FY'22 mainly due to a very low base in the pandemic-hit year-ago period, showed RBI data released on Monday. Their sales had declined by 41.1 per cent in the April-June quarter of FY2020-21.

In absolute terms, the sales of the manufacturing companies worked out at Rs 7,02,791 crore as against Rs 3,97,233 crore in the first quarter of FY2020-21.

Sales growth (y-o-y) of information technology (IT) sector companies, which remained in the positive terrain throughout the pandemic, accelerated to 17.5 per cent in first three months period of 2021-22 from 6.4 per cent in the previous quarter. In absolute term, the sales were worth about Rs 1,13,807 crore.

"Sales of non-IT services companies also surged (y-o-y) in Q1:2021-22, but the revenues of telecom companies within this group declined," the RBI said.

The data on the performance of the private corporate sector during the first quarter of 2021-22 is drawn from abridged quarterly financial results of 2,610 listed non-government non-financial (NGNF) companies.

"Operating profits of manufacturing, as well as services sector companies (both IT and non-IT), recorded high growth in Q1:2021-22 in line with the rise in sales," the central bank said.

It further said that manufacturing companies increased their expenditure on raw materials during the first quarter of the fiscal in tandem with the rise in sales. Also, staff cost growth accelerated for all sectors.

Also, the operating profit margin remained stable for manufacturing and IT companies during the quarter, but it moderated for the non-IT services companies.

Source:economictimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 19-01-2023
Notification No. 05/2023 - Customs (N.T.)
Exchange rate Notification No. 05/2023-Cus (NT) dated 19.1.2023.

Date: 16-01-2023
Notification No. 04/2023-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel.

Date: 16-01-2023
Notification No. 03/2023-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude and export of Aviation turbine Fuel.

Date: 13-01-2023
Notification No. 01 /2023–Customs
seeks to exempt COVID -19 vaccines from basic Custom duty till 31st March, 2023

Date: 13-01-2023
Notification No. 04/2023-CUSTOMS (N.T.
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 11-01-2023
NOTIFICATION No. 03/2023-Customs (N.T.)
Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023- Reg.

Date: 06-01-2023
Notification No. 01/2023-Customs (ADD)
Seeks to extend levy of ADD on Fishing Net originating in or exported from China PR

Date: 05-01-2023
Notification No. 02/2023 - Customs (N.T.)
Exchange rate Notification No. 02/2023-Cus (NT) dated 5.1.2023-reg

Date: 04-01-2023
NOTIFICATION No 01/2023-Central Tax
To assign powers of Superintendent of central tax to Additional Assistant Directors in DGGI, DGGST and DG Audit.

Date: 02-01-2023
Notification No. 02/2023-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to modify the Special Additional Excise Duty on Diesel



Exim Guru Copyright © 1999-2023 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001