According to the information of Reserve Bank of India, the net sales of selected non-government non-financial (NGNF) public limited companies increased by 7.8 percent in 2024-25, which was 6.3 percent in the previous year. Which is considered to be a good growth. Which is also good news for the country’s economy. The special thing is that the growth of service sector has seen double digit growth in this financial year. Whereas the sales of the manufacturing sector have seen an increase of more than 6 percent. Let us also tell you what kind of figures of cell growth have come out.
Growth in manufacturing and service sectors
According to the financial data of NGNF Public Limited Companies, the sales growth of manufacturing and service sectors reached 6.3 percent and 10.1 percent respectively during 2024-25, whereas in the previous financial year this growth was five percent and 7.4 percent respectively. The Reserve Bank has released data related to the financial performance of NGNF Public Limited Companies during 2024-25. The figures are based on the audited annual accounts of 7,992 selected companies that have reported in Indian Accounting Standards format for the three accounting years from 2022-23 to 2024-25.
How was the growth seen?
RBI said the growth in service sector sales was mainly due to expansion in sales of ‘transport and storage services’ and ‘information and communication’ sectors. Operating expenses increased by 8.4 percent during 2024-25 due to high growth in manufacturing expenses, in line with sales growth. Regarding profit, the RBI said the growth rate of operating profit declined to 8.4 per cent in 2024-25 from 15.3 per cent a year ago due to increase in total expenditure due to higher expenditure on raw materials.
How did the income strengthen?
According to the central bank, there was a significant growth of 23.1 percent in profit after tax during 2024-25 due to strength in non-operating income and reduction in tax expenditure. Companies in the services sector recorded much higher profit after tax growth (40.2 percent) than those in the manufacturing sector (12.8 percent). RBE said that during 2024-25, 57.2 per cent of the total funds were received from internal sources and this source remained the primary driver of funds. At the same time, gross fixed assets formation also remained strong, accounting for 41.1 per cent of the total utilization of funds during 2024-25.