New Delhi, March 2 -- The Gross Value Added (GVA) output--a measure of the total value created by the businesses--across the manufacturing and services sectors will maintain its momentum, following the notable improvement in profitability observed in the third quarter of the Financial Year 2025 (Q3FY25), according to a report by ICICI Bank.

"Taking into consideration the improved profitability, we expect GVA output for both manufacturing and services to pick-up in Q3," ICICI Bank Global Markets report added.

In the third quarter, as per the report, manufacturing and services sector companies exhibited steady recovery in their profitability after a muted second quarter results.

In Q3FY25, listed corporate firms' revenue growth picked up...