Manufacturing companies' net profit plunges 27 pct in July-Sept quarter: RBI

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Among the major industries, sales growth was high in textiles, coke and refined petroleum products, chemicals and chemical product industries. AP Among the major industries, sales growth was high in textiles, coke and refined petroleum products, chemicals and chemical product industries. AP
SummaryAccording to data, net profit of manufacturing companies fell by 27.4 pct compared to 5 pct in first.

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.

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