The RBI, along with its report, compiled data from the abridged quarterly financial results of 2,749 listed private non-financial companies.
“Sales growth (y-o-y) of listed private non-financial companies increased from 22.3 per cent in the previous quarter to 41.0 per cent in Q1: 2022-23.”
Manufacturing registered a sales growth of 41.6 per cent, driven by broad-based demand expansion across industries, aided by both volume and price impact, according to the RBI.
Information technology (IT) companies’ annual sales growth, which remained stable in positive territory even during the COVID-19 pandemic, stood at 21.3 per cent during the latest quarter.
Sales of non-IT services companies grew 62.1 per cent (y-o-y) in Q1: 2022-23, as service activities continued their growth on a strong revival path after the second wave of the pandemic a year ago – Hotels and Restaurants There was a boom in the transport, business and real estate sectors, notes the report.
On spending, RBI said raw material expenditure has increased by 52 per cent with strong demand expansion, and the ratio of raw material expenditure to sales has increased sequentially as well as on an annual basis.
The annual growth in employee costs for manufacturing, IT and non-IT services companies stood at 10.3 per cent, 23.5 per cent and 20 per cent, respectively, while the ratio of their employees to cost of sales stood at 5 per cent, 50.1 per cent. , and 8 percent, respectively.
According to RBI, operating profit margin for manufacturing declined and IT companies on both sequential and annual basis.
Pricing power, as reflected in net profit margins, remained soft for manufacturing and IT companies, while it remained negative for non-IT services companies, mainly due to losses reported by telecom and transport companies. reason.
–IANS
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