Private Non-Financial Firms Q4 Net Down 12.5%: RBI study

The cumulative average profit of listed private non-financial firms has reduced by 12.5% in January to March quarter largely because of decreased in the manufacturing and IT sectors say a report by the Reserve Bank. This statement is representing a slowdown in the net profit. Private non-financial firms
For the fourth quarter of 2013-14, there was a 10.3% rise in net profit.
“Net Profit continued to contract in Q4 of FY15 at the aggregate level, due to a contraction in the manufacturing sector as well as the IT sector,” according to the data based on the performance of non-financial private corporate business sector released by the RBI.
But it also stated that the net profit margin has been improved except for the IT sector. The report collected data on 2,712 private sector companies for the fourth quarter of the last financial year.
RBI said that data may differ for some companies as their quarter period may vary, “it is not expected to alter the aggregate position significantly”. “Aggregate sales contracted in the fourth quarter following stagnation in the third quarter of the last fiscal,” it added.
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