Mumbai, March 30 The net sales growth of select non-government, non-financial (NGNF) public limited companies edged up to 7.8 per cent during 2024-25 from 6.3 per cent in the previous year, the RBI said on Monday.
The sales growth of the manufacturing and services sector increased to 6.3 per cent and 10.1 per cent, respectively, during 2024-25 from 5 per cent and 7.4 per cent growth recorded in the previous fiscal, according to data on the finances of NGNF public limited companies.
The Reserve Bank has released the data relating to the financial performance of NGNF public limited companies during 2024-25 based on audited annual accounts of select 7,992 companies, which reported in the Indian Accounting Standards (Ind-AS) format for three accounting years from 2022-23 to 2024-25.
"Sales in the services sector were mainly driven by expansion in sales of 'Transport and storage services' and 'information and communication' sectors," the RBI said.
In line with the increase in sales growth, operating expenses rose by 8.4 per cent during 2024-25 on the back of higher growth in manufacturing expenses.
On their profit, it said the increase in total expenses due to higher expenditure in raw materials resulted in a moderation in growth of operating profits from 15.3 per cent to 8.4 per cent in 2024-25, at the aggregate level.
"Profit after tax increased significantly by 23.1 per cent during 2024-25, driven by strong non-operating income and moderated tax expenses. The services sector companies recorded much higher post-tax profit growth (40.2 per cent), when compared to that in the manufacturing sector (12.8 per cent)," the central bank said.
The RBI further said internal sources remained the primary driver of funding, accounting for 57.2 per cent of total funds during 2024-25.
Also, gross fixed assets formation remained robust, accounting for 41.1 per cent in total uses of funds during 2024-25.
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