Small firms lose out to bigger peers, see sharpest revenue drop in 2 years

The analysis is based on the quarterly results of a common sample of 2,353 listed companies across sectors

Smaller companies continue to lose out to their bigger peers and their decline has been the sharpest in two years. There has been steady decline in the revenue share of smaller listed companies, while the bigger ones have raised their share in the overall revenue pie.

The top listed companies in terms of revenue accounted for 77.2 per cent of the combined revenue of all listed companies in the July-September quarter - up from 75.6 per cent a year ago and 75.8 per cent four years ago.

In contrast, the revenue share of other firms (excluding top 200 companies) declined