Mumbai: Net sales growth of the select FDI companies moderated to 8.7 per cent in 2024-25 from 9.4 per cent in the previous year, according to the RBI data on finances of foreign direct investment firms.
The central bank on Wednesday released the data relating to the financial performance of non-government non-financial (NGNF) foreign direct investment (FDI) companies in India during 2024-25 based on audited annual accounts of 3,100 companies, which reported in the Indian Accounting Standards (Ind-AS) format.
“Industry-wise, net sales growth of the services sector marginally increased to 12.7 per cent from 12.2 per cent in the previous year, while for the manufacturing sector it decelerated to 5.1 per cent from 6.8 per cent in the previous year,” the RBI said.
Companies with direct investment from Singapore, the US, and Mauritius accounted for more than half of the sample companies. Japan, the Netherlands, and the UK were other major direct investment sources in India.
The majority of the sample companies belonged to the manufacturing and services sectors, within services sector more than one third of companies belong to the information and communication industries, it said.
With moderate growth in sales and rising expenses, operating profit growth slowed to 10.7 per cent in 2024-25 from 22.1 per cent in the previous year.
Private limited FDI companies showed higher profit growth than public limited FDI companies.
Profit after tax increased by 22.2 per cent during 2024-25, supported by higher non-operating income and lower interest expenses.
Industry-wise, services sector companies recorded higher post tax profit growth (29.2 per cent) as compared to manufacturing sector (12.6 per cent), the RBI said.
