Despite pandemic, sales of private manufacturing companies surged 31% in Q4 FY21

According to data released by RBI, sales of listed private manufacturing companies surged 31 per cent year-on-year in Q4 of FY21. While IT sector companies accelerated to 6.4%, non-IT companies registered marginal growth.

Despite the economic slowdown caused by the Covid-19 pandemic, sales of listed private manufacturing companies surged 31 per cent on a year-on-year (Y-o-Y) basis in Q4 of FY 2020-21 in comparison to growth recorded in the previous quarter of the same fiscal, according to RBI data. The Reserve Bank of India (RBI) on Friday released the data on performance of the private corporate business sector during Q4 of FY 2020-21. Due to the Covid-19 pandemic, the Securities and Exchange Board of India (Sebi) had extended the deadline for submission of financial results for Q4 of FY 2020-21 by listed companies to June 30.