Latest news with #QuickEstimateofIndexofIndustrialProduction
The Wire
29-05-2025
- Business
- The Wire
Profit and Sales Growth Slow Down as Compared to Last Year Amid Rising Cost and Trade Uncertainties
Menu हिंदी తెలుగు اردو Home Politics Economy World Security Law Science Society Culture Editor's Pick Opinion Support independent journalism. Donate Now Economy Profit and Sales Growth Slow Down as Compared to Last Year Amid Rising Cost and Trade Uncertainties The Wire Staff 7 minutes ago For the same time period in the previous year, the sales of these companies had registered a growth of 9.2 per cent which decreased to 5.7 per cent in Q4 FY24. Representative image. Photo: Ken Teegardin/Flickr (CC BY-SA 2.0) Real journalism holds power accountable Since 2015, The Wire has done just that. But we can continue only with your support. Contribute now New Delhi: Both profit and sales growth have slowed down as the country's corporate sector witnessed a subdued performance in the quarter ended March 2025. An analysis conducted by the Bank of Baroda of 1,787 companies listed on the stock exchange revealed that while last year, profit after tax (PAT) of these companies had grown by 12.6 per cent, the same figure for Q4 FY25 came down to 9.2 per cent. In absolute terms, their net profit was at Rs 3.43 lakh crore in the previous fiscal year, as against Rs 3.13 lakh crore attained in the quarter ended March 31, 2024, reported Indian Express. Similarly, for the same time period in the previous year, the sales of these companies had registered a growth of 9.2 per cent which decreased to 5.7 per cent in Q4 FY24. While the weak macroeconomic conditions have impacted demand and resulted in a slowdown in sales growth, companies have also struggled to maintain profitability amidst rising costs and trade uncertainties. IIP growth rate at eight month low Meanwhile, the Ministry of Statistics has released Quick Estimate of Index of Industrial Production (IIP) data, which suggests that IIP growth rate, which was 3 per cent in March this year, has come down to 2.7 per cent. The growth rates of three sectors including mining, manufacturing and electricity for the month of April 2025 are 0.2 per cent, 3.4 per cent and 1.1 per cent, respectively, reported Business Standard. The present figure marks the lowest growth in the IIP in eight months. The corresponding growth rates of IIP as per Use-based classification in April 2025 as compared with April 2024 are 0.4 per cent in primary goods, 20.3 per cent in capital goods, 4.1 per cent in intermediate goods, 4.0 per cent in infrastructure/ construction Goods, 6.4 per cent in consumer durables and -1.7 per cent in consumer non-durables. Make a contribution to Independent Journalism Related News Has India Really Become the World's Fourth-Largest Economy? Is RBI's New Plan for Bad Loans Just Another Quick Fix? Organisation of Indian Origin People in the US Objects to Proposed Tax on Immigrants' Remittance India's Net Foreign Direct Investment Plummets by 96.5% to Reach Record Low Sharp Rise in Loan Write-Offs This Fiscal 'Gujarat Samachar' Co-Owner Bahubali Shah's Arrest and Bail: Here's What Happened Why Kashmir Remains the Most Militarised Mirror of Postcolonial Failure Union Bank of India Under Scrutiny for Spending Rs 7.25 Crore Buying K.V. Subramanian's Book Missing Police in Pahalgam: Who is Responsible for this Biggest Breach of Public Security? About Us Contact Us Support Us © Copyright. All Rights Reserved.
Business Standard
28-05-2025
- Business
- Business Standard
IIP grows at eight month low of 2.7% on year in Apr-25
Ministry of Statistics released Quick Estimate of Index of Industrial Production (IIP) data today. The IIP growth rate for the month of April 2025 is 2.7 percent which was 3.0 percent (Quick Estimate) in the month of March 2025. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of April 2025 are -0.2 percent, 3.4 percent and 1.1 percent respectively. The Quick Estimates of IIP stands at 152.0 against 148.0 in April 2024. However, the current figure marks lowest yoy growth in IIP in eight months. Within the manufacturing sector, 16 out of 23 industry groups have recorded a positive growth in April 2025 over April 2024. The top three positive contributors for the month of April 2025 are Manufacture of basic metals (4.9%), Manufacture of motor vehicles, trailers and semi-trailers (15.4%) and Manufacture of machinery and equipment n.e.c. (17.0%). The corresponding growth rates of IIP as per Use-based classification in April 2025 over April 2024 are -0.4 percent in Primary goods, 20.3 percent in Capital goods, 4.1 percent in Intermediate goods, 4.0 percent in Infrastructure/ Construction Goods, 6.4 percent in Consumer durables and -1.7 percent in Consumer non-durables. Based on use-based classification, top three positive contributors to the growth of IIP for the month of April 2025 are Capital goods, Intermediate goods, Consumer durables.
