Private listed non-financial companies’ Q3FY26 revenue growth rises to 10.1%: RBI

The Reserve Bank of India (RBI) has said that private listed non-financial companies’ revenue growth came at 10.1% in the third quarter (October-December) of FY26 (Q3FY26). This acceleration was mainly led by a substantial improvement in sales growth of the manufacturing sector. The data is collected from 3,188 companies.

As per the data, sales of 1,794 listed private manufacturing companies expanded by 11.4% on-year during the quarter, up from 8.5% in the previous quarter, mainly driven by higher sales growth in automobiles, electrical machinery and non-ferrous metals industries.

In the services sector, sales growth of the information technology companies expanded to 8.8% during the quarter from 7.8% in the previous quarter, while the same for non-IT companies remained stable at 10.8% in Q3.

From a profitability perspective, the RBI said that the operating profit of manufacturing companies increased by 11.8% during Q3, supported by a moderate rise in other operating expenses. The data showed IT companies' operating profit growth improved to 11.1%, while it moderated to 4% for non-IT services companies.

The net profit growth of such companies at the aggregate level increased to 5.2% in the October-December 2025 period, up from 1.5% in the preceding quarter, but down compared to 11.8% in the year-ago period.

It noted that from an expenditure perspective, raw material expenses of manufacturing companies rose 12.7% in line with the higher sales growth, while the staff costs of manufacturing and IT companies rose at a higher pace of 12.4% and 6.6%, respectively.