The Reserve Bank of India (RBI) released its latest audit of 15,919 non-government non-financial (NGNF) private limited companies for the 2024-25 fiscal year. The data indicates a resilient, though slightly cooling, corporate landscape.
Key Financial Highlights
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Net Sales Growth: Total sales grew by 11.4%, a marginal dip from the 11.7% growth recorded in the previous year.
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Sector Performance:
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Services: Led the charge with 13.5% growth, largely supported by wholesale and retail trade, real estate, and transport services.
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Manufacturing: Experienced a slight moderation, with growth slowing to 9.2% from 9.4% in the prior year.
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Capital Base: The total paid-up capital for the sampled companies stood at ₹8,44,198 crore as of March 2025, representing roughly 40.3% of the total capital in this sector.
Rising Costs and Profitability
Despite the slight slowdown in sales, the report highlighted shifts in expenditure and sustained profitability:
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Operating Expenses: Costs rose at a faster clip this year, primarily driven by manufacturing overheads and employee compensation.
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Labor Trends: Employee remuneration surged within the services sector, whereas it saw a cooling trend in manufacturing.
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Profit Margins: Both operating profits and profit after tax (PAT) maintained strong momentum, posting double-digit growth for the second consecutive year.
In Short: While the manufacturing engine is idling slightly, the services sector and overall profitability remain robust, even as companies face higher operational and labor costs.
