Sales of listed pvt manufacturing firms jump 31% in Jan-mar qtr

Sales of listed private manufacturing companies surged 31 per cent year-on-year in the fourth quarter of the last fiscal on favourable base as well price effect, according to RBI data released on Friday. Sales growth of information technology (IT) sector companies accelerated to 6.4 per cent while non-it services companies recorded a marginal growth after declining in the previous three quarters. The Reserve Bank of India (RBI) released data on the performance of the private corporate sector during the fourth quarter of 2020-21 drawn from abridged quarterly financial results of 2,608 listed non-government non-financial companies. Due to the pandemic, the Securities and Exchange Board of India (Sebi) had extended the deadline for submission of financial results for the fourth quarter of 2020-21 by listed companies to June 30.