Unlisted firms race past listed peers in sales, earnings growth
Business Standard|January 09, 2025
Amid concerns over revenue and earnings growth slowdown in listed companies, Business Standard delves into the financials of unlisted firms - often released with a delay. The first of a 3-part series highlights their notable outperformance in both sales and profits
SACHIN P MAMPATTA
Unlisted firms race past listed peers in sales, earnings growth

Unlisted companies are outpacing their listed counterparts, with faster revenue and earnings growth. According to data from the Centre for Monitoring Indian Economy (CMIE), unlisted firms recorded sales growth of 8.34 per cent in the financial year 2023-24, compared to just 1.69 per cent for listed companies.

The findings are based on a sample of 4,231 unlisted companies (excluding financial firms), compared with 3,575 listed non-financial companies. Although data for unlisted firms typically lags behind, the December-end sample covers about a quarter of the unlisted companies in the CMIE database, often reflecting trends among larger, better-managed firms.

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