--- title: "Data On Performance Of Private Corporate Business Sector During 2021-22" date: 2022-07-27 author: "Sudhaman" url: https://ksandk.com/newsletter/data-on-performance-of-private-corporate-business-sector-during-2021-22/ --- # Data On Performance Of Private Corporate Business Sector During 2021-22 Posted On - 27 July, 2022 • By - Sudhaman Reserve Bank of India released the data on the performance of the private corporate sector during 2021-22 drawn from abridged financial results of 3,166 listed non-government non-financial (NGNF) companies. Below are the highlights of the report: **Sales** - Private corporate sales and profitability registered good growth during 2021-22 as the effects of the COVID-19 pandemic lessened and economic activities recovered, especially in the second half of the year - Sales of 1,865 listed private manufacturing companies witnessed broad-based recovery and expansion by 36.7 per cent during 2021-22 as compared with a contraction of 2.8 per cent in the preceding year; both volume and price components contributed to the higher growth, and it was also aided by favourable base effects  - Information technology (IT) companies also enhanced their performance and their sales growth accelerated from 4.4 per cent to 19.8 per cent compared to the previous year **Expenditure** - Consistent with the rise in production and sales, manufacturing companies’ expenditure on raw materials increased by 48.6 per cent during the year and its contribution to their total sales increased. - Unlike the manufacturing and non-IT sector, which witnessed a turnaround during 2021-22 from the pandemic-led shrinkage in sales and staff cost in the previous year, the IT sector weathered the consecutive waves of the pandemic and recorded constant growth in both these parameters **Interest** Interest cost moderated for manufacturing and IT companies during the year and the interest coverage ratio (ICR)[1](about:blank#FT1) of manufacturing companies improved from 5.0 to 8.4 in 2021-22 in the previous year due to lesser interest expenditures and increase in profits; ICR continued to persist below the unity for non-IT services companies **Profit** - Notwithstanding the input cost pressures, net profits of manufacturing companies surged by 50.2 per cent during 2021-22 and it also improved for the IT companies, whereas the non-IT services sector continued to register losses at the combined level - Operating profit margins continued healthy for all the three sectors - Net profit margins remained steady for manufacturing and IT companies, whereas it remained in the negative terrain for non-IT services companies --- ## Office Locations - [New Delhi](https://ksandk.com/locations/top-corporate-law-firm-in-delhi/) (HQ): +91-11-41318190 | info@ksandk.com - [Mumbai](https://ksandk.com/locations/top-corporate-law-firm-in-mumbai/): 3 offices (Nariman Point, Lower Parel, Andheri) | mumbai@ksandk.com - [Bangalore](https://ksandk.com/locations/top-corporate-law-firm-in-bangalore/): bangalore@ksandk.com - [Chennai](https://ksandk.com/locations/chennai/): chennai@ksandk.com - [Hyderabad](https://ksandk.com/locations/hyderabad/): hyderabad@ksandk.com - [Pune](https://ksandk.com/locations/pune/): pune@ksandk.com - [Kochi](https://ksandk.com/locations/kochi/): kochi@ksandk.com ## Contact - [Contact Page](https://ksandk.com/contact-us/) - General: info@ksandk.com | +91-11-41318190 - WhatsApp: +91-7428567444 - [Privacy Statement](https://ksandk.com/privacy-statement/) - [Terms of Use](https://ksandk.com/terms-of-use/)