Sales of private sector listed companies rose 75% in the June quarter
MUMBAI: Private sector listed manufacturing companies have achieved 6 per cent growth in the first quarter of the current financial year 2021-2, which is also due to the overall low base of the same quarter last year. This information was obtained from the data released by the Reserve Bank. In the first quarter of the fiscal year 2020-21, sales fell by 31.1 per cent in April-June. In the first quarter of 2012-13, the sales value of manufacturing companies stood at Rs. 2,09,31 crore was estimated. While in the same quarter of 2020-21 a year ago, it was Rs 2,3,8 crore. Information technology companies, which have been growing even during the epidemic, saw sales grow by 12.5 per cent in the first quarter of 2021, up from 7.8 per cent in the same period a year ago. The absolute value of the sale was about Rs 1,15,605 crore. According to the Reserve Bank, sales of non-IT services companies have also increased year-on-year in the first quarter of the current fiscal. However, the revenue ...