Mumbai, February 25 The Reserve Bank said on Wednesday that revenue growth for privately listed non-financial companies came in at 10.1 per cent in the third quarter of FY26.
For the past 11 quarters, revenue growth had been in the single digits, according to data from 3,188 such companies analyzed by the central bank, attributing the acceleration to the performance of the manufacturing sector.
Sales of 1,794 listed private manufacturing companies expanded by 11.4 per cent year-on-year during the quarter, up from 8.5 per cent in the previous quarter, mainly driven by higher sales growth in the automotive, electrical machinery, and non-ferrous metals industries, it said.
In the services sector, the sales growth of information technology companies expanded to 8.8 per cent during the quarter from 7.8 per cent in the previous quarter, while the same for non-IT companies remained stable at 10.8 per cent in Q3.
From a profitability perspective, the RBI said that the operating profit of manufacturing companies increased by 11.8 per cent during Q3, supported by a moderate rise in other operating expenses.
The operating profit growth of IT companies improved to 11.1 per cent, while it moderated to 4 per cent for non-IT services companies, it said.
The net profit growth of these companies at the aggregate level increased to 5.2 per cent in the October-December 2025 period, up from 1.5 per cent in the preceding quarter, but down compared to 11.8 per cent in the year-ago period.
From an expenditure perspective, raw material expenses of manufacturing companies rose 12.7 per cent in line with the higher sales growth, while the staff costs of manufacturing and IT companies rose at a faster pace of 12.4 per cent and 6.6 per cent, respectively, the central bank said.
