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Higher sales growth, profits marked companies performance in Q2: RBI

Raw material expenses increased in this quarter

Press Trust of India  |  Mumbai 

Net profit of listed private sector companies recorded a robust growth of 16 per cent in the second quarter of the fiscal compared to 11.2 per cent in the previous quarter, the Reserve Bank said on Wednesday. Among the sectors, manufacturing continued to record high net profit growth, whereas services (Non-IT) sector continued to witness contraction in net profits but at a much lower rate. "Aggregate sales growth (Y-o-Y) of the listed non-government non-financial (NGNF) companies grew by 1.9 per cent in Q2 2016-17, after near stagnation in Q1 2016-17," the RBI ...

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