Today, the Reserve Bank released data on the performance of the private corporate sector during the first quarter of 2021-22 drawn from abridged quarterly financial results of 2,610 listed non-government non-financial (NGNF) companies. Data pertaining to Q1:2020-21 and Q4:2020-21 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
Sales
- Sales of 1,647 manufacturing companies recorded extraordinarily high growth (y-o-y) of 75.0 per cent in Q1:2021-22, which was aided by very low base {(-) 41.1 per cent decline in Q1:2020-21}, reflecting the COVID-19 pandemic impact on operations; all the major sectors recorded high growth during the quarter (Table 2A and Table 5A).
- Sales growth (y-o-y) of information technology (IT) sector companies, which remained in positive terrain throughout the pandemic, accelerated to 17.5 per cent in Q1:2021-22 from 6.4 per cent in the previous quarter (Table 2A).
- Sales of non-IT services companies also surged (y-o-y) in Q1:2021-22, but the revenues of telecom companies within this group declined (Table 2A and Table 5A).
Expenditure
- Manufacturing companies increased their expenditure on raw materials during Q1:2021-22 in tandem with the rise in sales (Table 2A).
- Staff cost growth (y-o-y) accelerated for all sectors during Q1:2021-22 (Table 2A).
Operating profit
- Operating profits of manufacturing as well as services sector companies (both IT and non-IT) recorded high growth in Q1:2021-22 in line with the rise in sales (Table 2A).
Interest
- Interest coverage ratio (ICR)1Â of manufacturing companies remained steady at 7.5 in Q1:2021-22 (7.3 in the previous quarter); the ICR of non-IT services companies remained below unity (Table 2B).
Pricing power
- Operating profit margin remained stable for manufacturing and IT companies during the quarter, but it moderated for the non-IT services companies (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.
