Today, the Reserve Bank released data on performance of the private corporate sector during the second quarter of 2018-19 drawn from abridged financial results of 2,700 listed non-government non-financial (NGNF) companies. Data pertaining to Q2:2017-18 and Q1:2018-19 are also presented in the tables to enable comparison. The data can be accessed at https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_42. Highlights Sales -
Demand conditions in the manufacturing sector maintained its pace in Q2:2018-19 as reflected in strong sales growth (y-o-y). -
The manufacturing sector sales growth was mainly supported by robust demand conditions in chemical and chemical products; iron and steel; and petroleum products industries coupled with significant improvement recorded by textile industry. On the other hand, heavy moderation was seen in the sales growth of motor vehicles and other transport equipments, driven in part by a large adverse base effect, and pharmaceuticals and medicines industries. -
The information technology (IT) sector recorded further improvement in sales growth over the preceding quarter. Despite continuous contraction in the telecommunication, the services (non-IT) sector posted a turnaround riding on the support from wholesale and retail trade. Expenditure Operating profit Interest -
Interest expenses incurred by the manufacturing sector witnessed a dip from its level a year ago, reflecting ongoing deleveraging in the corporate sector. -
The interest coverage ratio (ICR) of the manufacturing sector hovered around five, as in the preceding quarter. The ICR for the services (non-IT) sector remained below one, primarily on account of telecommunication; and transport and storage services companies. Net profit Pricing power -
Pricing power in terms of operating profit and net profit margin declined slightly for the manufacturing sector. For the services (non-IT) sector, operating profit margin dipped further, but net profit margin witnessed improvement primarily due to higher non-operating income. List of Tables | Table No. | Title | 1 | A | Performance of Listed Non – Government Non-Financial Companies | Growth Rates | B | Select Ratios | 2 | A | Performance of Listed Non-Government Non-Financial Companies - Sector – wise | Growth Rates | B | Select Ratios | 3 | A | Performance of Listed Non-Government Non-Financial Companies according to Size of Paid-up-Capital | Growth Rates | B | Select Ratios | 4 | A | Performance of Listed Non-Government Non-Financial Companies according to Size of Sales | Growth Rates | B | Select Ratios | 5 | A | Performance of Listed Non-Government Non-Financial Companies according to Industry | Growth Rates | B | Select Ratios | Explanatory Notes | Glossary | Notes: -
The coverage of companies in different quarters varies, depending on the date of declaration of results; however, this is not expected to significantly alter the aggregate position. -
The listed companies with net worth of more than ₹ 5 billion were required to adopt the new accounting standards - Ind-AS - by Q1:2016-17 and rest of the listed companies by Q1:2017-18, as mandated by the Ministry of Corporate Affairs. The Ind-AS is a move towards convergence of the financial accounting and reporting standards in India towards the globally accepted International Financial Reporting Standards (IFRS). -
Explanatory notes containing the methodology followed for compilation of data, and the glossary (including revised definitions and calculations that differ from previous releases) are given at the end. Anirudha D. Jadhav Assistant Manager Press Release : 2018-2019/1465 | |