Boost in Profits and Profitability despite Contraction in Sales Performance of the Private Corporate Business Sector during 2015-16: RBI Data Release - आरबीआय - Reserve Bank of India
Boost in Profits and Profitability despite Contraction in Sales Performance of the Private Corporate Business Sector during 2015-16: RBI Data Release
Sales of the private corporate business sector (based on the listed non-government non-financial companies) contracted in 2015-16 both at the aggregate level and for the manufacturing sector. Performance of the manufacturing sector in 2015-16 was affected by the fall in global commodity prices. However, operating profit growth was boosted mainly on account of fall in raw material expenses, which recorded higher contraction than that in the value of production. In 2015-16, cost of raw materials (CRM) to sales and staff cost to sales reached their minimum and maximum levels over the last fifteen years, respectively. These were the findings of the analysis of the data on the performance of non-financial private corporate business sector during 2015-16. The data were released today by the Reserve Bank of India on its website. Highlights Sales
The Reserve Bank compiles and releases data based on abridged financial results of listed non-government non-financial listed companies quarterly and annually. The data released today is based on abridged financial results of 2,932 such companies. Data pertaining to 2014-15 are also presented to enable comparison. It may be noted that coverage of companies in different years varies to some extent, depending on the date of declaration of yearly results. This, however, is not expected to significantly alter the aggregate position. The industry classification system has been updated broadly following the National Industrial Classification (NIC 2008) from Q1:2015-16. ‘Explanatory Notes’ containing the brief methodology followed for compilation of data and the glossary of terms (including revised definitions and calculations that differ from previous releases) are given at the end. The list of tables is given below:
An article analysing the performance of the non-financial private Corporate Business Sector during 2015-16, along with the recent trend in sales, expenditure and profit margins of the corporate sector over a longer horizon, is scheduled to be published in October 2016 issue of the RBI Bulletin. Alpana Killawala Press Release : 2016-2017/582 |