Business Standard

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.

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