Net profits of manufacturing companies surged by 50.2% in FY’22: RBI

Net profits of manufacturing companies surged by 50.2 per cent during 2021-22, the input cost pressures notwithstanding, the Reserve Bank of India said on Friday.

Net profit also increased for the information technology (IT) companies, whereas the non-IT services sector continued to record losses at the aggregate level, it said.

The data on the performance of the private corporate sector during 2021-22 drawn from abridged financial results of 3,166 listed non-government non-financial (NGNF) companies.

Operating profit margins remained healthy for all the three sectors. Net profit margins remained stable for manufacturing and IT companies, whereas it remained in the negative terrain for non-IT services companies.