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Sales of private non-financial firms up 9.2% in Q3 FY'13

By Religare

Reserve Bank of India said that the sales of private non-financial firms in the third quarter of 2012-13 grew 9.2 per cent to Rs 7.45 lakh crore, hit mainly by manufacturing and IT sectors.

However, the net profit of these companies was up 23 per cent at Rs 42,700 crore in Q3, over the year-ago period.

RBI said the year-on-year growth rates of EBITDA and net profits remained positive for the second consecutive quarter, although operating profit was lower than the previous quarter.


In Q2, EBITDA (earnings before interest, taxes, depreciation and amortisation) growth was 10.8 per cent. In Q3, it was 7.5 per cent.

The Reserve Bank data represents the performance of 2,745 of non-financial, non-government listed companies.

In Q3 of 2011-12 fiscal, sales growth (of 2,637 firms) was up 19.2 per cent at Rs 6.73 lakh crore.

Slide in sales growth was spread across manufacturing and IT sectors. IT sector witnessed larger decline in sales growth which was broad-based across the companies, RBI said.

IT companies showed sales growth of 7.9 per cent at Rs 51,800 crore in Q3, FY13, while net profits were up 2.3 per cent at Rs 8,800 crore. In the year-ago period, IT sales growth was 22.4 per cent at Rs 49,700 crore.

Sales growth of manufacturing firms during the October- December period of 2012-13 was up 9.9 per cent year-on-year at Rs 5.60 lakh crore, while their net profit increased by 50.6 per cent to Rs 28,400 crore. In Q3, 2011-12, sales of the sector were up 19.7 per cent at Rs 4.97 lakh crore.

Sales of non-IT service companies stood at Rs 71,300 crore, up 14.4 per cent in Q3, 2012-13. Their profits rose by 5.9 per cent to Rs 3,200 crore.

Sales of companies (above Rs 1,000 crore) decelerated and contracted for all other sales-size groups, it said.

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