Summary:
The estimates are based on private corporate sector growth, which has a share of over 75% in the manufacturing sector. Non-banking financial institutions continued their robust growth story helped by strong demand for consumer durable financing and insurance products. This is a signal of slow off-take of new launches, slowing down of launches itself and people deciding to wait till homes are ready-to-occupy. PUNE: The first quarter (Q1) performance of Pune Inc was better than the national average.This was revealed in the analysis of Q1 results of 48 listed companies in Pune, out of which 34 dealt in manufacturing, five in services , four in food processing, two in real estate and three in financial services.In manufacturing, the listed entities posted a 19% rise in the revenue as compared to a 13.5% rise in the national gross value added for the sector.Gross value added estimates make use of available data of the listed firms with the BSE and the NSE. The performance was in large parts due to the mid-sized firms responding fast to the changing digital landscape.Real-estate, however, continued its struggle in the post-RERA era, as evident by the performance of two-listed companies in Pune..