Sales of listed private non-financial companies grew 5.5 per cent in the three months ended December 2023 from 4.4 per cent expansion in the previous quarter, according to official data.
The Reserve Bank of India (RBI) on Wednesday released the data on the performance of the private corporate sector during the third quarter of 2023-24 drawn from abridged quarterly financial results of 2,842 listed non-government non-financial companies.
“Growth (y-o-y) in aggregate sales of 1,685 listed private manufacturing companies moderated further to 3.7 per cent during Q3:2023-24 (4.2 per cent in the previous quarter),” the apex bank said.
Among the major industries, sales of chemical companies declined 13.5 per cent, excluding which sales growth of manufacturing companies stood at 6.4 per cent.
Information Technology (IT) sector witnessed further deceleration in sales growth (y-o-y) to 3.2 per cent from 5.9 per cent in the previous quarter and 19.4 per cent a year ago.
Non-IT services compa
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