sectors, was down by 20.5 per cent at Rs 38,200 crore in the second quarter. Profits had fallen by a lower 10.9 per cent to Rs 37,600 crore in the first quarter.
However, the overall sales grew by 7.4 per cent at 7.43 lakh crore during July-Sep versus just a 2.6 per cent rise in the previous quarter at Rs 7.26 lakh crore, RBI said.
In its data based on performance of 2,708 non-financial private corporate businesses covering manufacturing, IT and services firms, the RBI said sales growth during the quarter improved on the back of higher sales by bigger companies with annualised sales of over Rs 100 crore.
During the first quarter, as many as 2,768 companies were covered for data compilation.