Mumbai, Feb. 24 -- Reserve Bank of India or RBI stated in a latest update that sales of listed private non-financial companies increased by 8.0 per cent (y-o-y) during Q3:2024-25 as compared with 5.4 per cent in the previous quarter and 5.5 per cent in the corresponding quarter a year ago. Sales growth (y-o-y) of 1,675 listed private manufacturing companies improved to 7.7 per cent during Q3:2024-25 from 3.3 per cent during the previous quarter, mainly driven by higher sales growth in automobiles, chemicals, food products and electrical machinery industries; sales revenue of petroleum, iron and steel, and cement industries, however, contracted on an annual basis. The central bank noted that Information Technology (IT) companies recorded a...
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