Today, the Reserve Bank released data on the performance of the private corporate sector during the third quarter of 2020-21 drawn from abridged quarterly financial results of 2,692 listed non-government non-financial (NGNF) companies. Data pertaining to Q3:2019-20 and Q2:2020-21 are also presented in the tables to enable comparison. The data can be accessed at the web-link https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_42. Highlights: Nominal Sales -
With gradual easing of restrictions related to the Covid-19 pandemic and rebound in demand conditions, sales of 1,685 manufacturing companies expanded by 7.4 per cent (Y-o-Y) in Q3:2020-21 after recording contraction during the preceding six quarters; the recovery was led by iron and steel, automobiles, cement, chemicals and pharmaceuticals companies (Table 2A and Table 5A). -
Information technology (IT) sector remained in positive terrain throughout the Covid-19 pandemic period and their sales increased by 5.2 per cent (Y-o-Y) in Q3:2020-21 (Table 2A). -
Non-IT services sector recorded lower contraction (Y-o-Y) in sales [(-)5.7 per cent in Q3:2020-21 vis-à-vis (-)14.5 per cent in the previous quarter], which was supported by better performance of telecommunication, real estate and trade sector companies (Table 2A and Table 5A). Expenditure -
Manufacturing companies increased their expenditure on raw materials during Q3:2020-21 in tune with rise in sales (Table 2A). -
Staff cost growth (Y-o-Y) increased for manufacturing and IT companies in Q3:2020-21, whereas it remained in contraction zone for non-IT services sectors (Table 2A). Operating profit - Operating profits for all group of companies improved in Q3:2020-21 (Table 2A).
Interest - With rise in profits, interest coverage ratio (ICR)1 of manufacturing companies improved noticeably to 6.6 in Q3:2020-21 (4.6 in the previous quarter); ICR of non-IT services companies remained below one (Table 2B).
Pricing power - Profit margins improved further for manufacturing and IT companies in this quarter (Table 2B).
| 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; this is, however, not expected to significantly alter the aggregate position. -
Explanatory notes detailing the compilation methodology, and the glossary (including revised definitions and calculations that differ from previous releases) are appended. (Yogesh Dayal)
Chief General Manager Press Release: 2020-2021/1206
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