--- title: "RBI Releases Data on Performance of The Private Corporate Business Sector During Quarter 3 For The Year 2021-22" date: 2022-03-20 author: "Sudhaman" url: https://ksandk.com/newsletter/performance-of-corporate-business-sector/ --- # RBI Releases Data on Performance of The Private Corporate Business Sector During Quarter 3 For The Year 2021-22 Posted On - 20 March, 2022 • By - Sudhaman The Reserve Bank of India on February 28th 2022 released [data on the performance of corporate business sector](https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=1%202248&Mode=0) during the third quarter of 2021-22 taken from the edited quarterly financial results of 2,744 listed non-government non-financial (NGNF) companies. The data has been compiled based on the date of declaration of results during different quarters; however, the same will not alter the aggregate position significantly. Please find below key takeaways from the data: ### Performance of Corporate Business Sector Sales of listed private non-financial companies improved by 25.3 per cent in the Q3:2021-22 as compared with 31.8 per cent during the previous quarter and 4.0 per cent in the corresponding quarter a year ago. - Total sales of 1,701 listed manufacturing companies registered sound growth of 27.3 per cent, supported by high sales growth in petroleum, non-ferrous metals, iron and steel, chemicals and textiles industries. - Maintaining their growing trend, the information technology (IT) companies registered a 20.7 per cent increase (y-o-y) growth in sales during the Q3:2021-22. - Sales of non-IT services companies increased by 22.0 per cent in Q3:2021-22; telecommunication companies, which account for nearly a fourth of this broad category, witnessed a significant decline in sales but non-telecom companies registered good growth. - In corresponding with an increase in sales, manufacturing companies’ expenditure on raw material increased by 37.1 per cent; expenses on raw material contributed to 63.3 per cent of their total expenses. - Manufacturing, IT and non-IT services sector companies registered 7.6 per cent, 21.0 per cent and 15.8 per cent increase (y-o-y) in staff cost, respectively, during Q3:2021-22; staff cost had 6.2 per cent, 64.7 per cent and 10.6 per cent shares, respectively, in total expenditure of these three sectors. - With an increase in expenditures, the operating profit growth decelerated across sectors in Q3:2021-22. - The interest coverage ratio (ICR)1 of manufacturing companies remained firm at 8.6 in Q3:2021-22 (8.7 in the previous quarter); the ICR of non-IT services companies remained below unity. - Pricing power in terms of operating profit and net profit margins remained steady for manufacturing and IT companies. [Reach us](https://ksandk.com/ksk/contact-us/) --- ## 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/)