Advance tax collections rise by 6% in Q4FY17

Collections amount to Rs.292.4 billion

by Natasha Nadkar

Advance tax collections from 43 top companies rose by six per cent to Rs.292.4 billion during the fourth quarter of 2016-17, as per the income tax data. In December 2016 quarter, these companies paid advance tax worth Rs.275.8 billion. The March 2017 quarter figures are around eight per cent higher than those of March 2016. A growth rate of over 10 per cent is generally witnessed in the March quarter, according to a tax official. Advance tax collections from top companies were hence discouraging. The growth in collections was mainly on account of a rise in advance tax payments by PSUs such as SBI, LIC and Indian Oil. Private companies reported a decline in their tax outgo.

Advance tax collections by companies
Companies Q3FY17 Q4FY17 Q-o-Q
  (Rs.in billion) (Rs.in billion) (% growth)
SBI 15.5 35.7 130.3
Indian Oil 18.3 35.1 91.8
HDFC Bank 23 27.4 19.1
LIC 22.4 24.4 8.9
HUL 5.6 5.9 5.4
TCS 15.4 15.1 -1.9
Tata Steel 4.0 3.4 -15
Bajaj Auto 5.8 4.5 -22.4
RIL 26 16.6 -36.2
ICICI Bank 12 7.6 -36.7
*Note: As per a report in Business Standard

References
1. http://www.business-standard.com/article/companies/advance-tax-mop-up-rises-only-6-in-q4-117031601415_1.html
2. https://www.pressreader.com/india/business-standard/20170317/281479276227257
CMIE STATISTICS
Unemployment Rate
Per cent
4.3 -0.1
Consumer Sentiments Index
Base September-December 2015
92.4 0.0
Consumer Expectations Index
Base September-December 2015
94.8 0.0
Current Economic Conditions Index
Base September-December 2015
88.7 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Mar 16 Jun 16 Sep 16 Dec 16
New projects 3.31 1.54 2.34 1.41
Completed projects 2.27 0.90 2.17 0.85
Stalled projects 1.04 1.32 0.39 0.79
Revived projects 0.62 0.43 0.51 0.17
Implementation stalled projects 0.92 0.50 0.58 0.80
Updated on: 28 Mar 2017 4:20PM
Quarterly Financials of Listed Companies
(% change) Mar 16 Jun 16 Sep 16 Dec 16
All listed Companies
 Income -0.2 -0.9 2.1 6.3
 Expenses 0.8 -0.3 1.9 6.7
 Net profit -29.7 -4.1 14.6 36.2
 PAT margin (%) 4.9 6.9 6.9 6.0
 Count of Cos. 4,452 4,409 4,366 4,313
Non-financial Companies
 Income -2.2 -2.5 0.6 6.1
 Expenses -4.0 -2.9 -0.2 7.6
 Net profit 3.9 9.6 26.6 20.3
 PAT margin (%) 6.1 7.4 6.9 6.1
 Net fixed assets 3.8 -9.2
 Current assets 3.1 8.1
 Current liabilities 10.6 11.6
 Borrowings 6.7 3.1
 Reserves & surplus 7.9 8.4
 Count of Cos. 3,485 3,456 3,424 3,394
Numbers are net of P&E
Updated on: 28 Mar 2017 4:28PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 11.9 9.4 4.7 0.6
 Expenses 12.1 9.3 4.7 0.8
 Net profit 1.1 -4.2 3.4 -13.0
 PAT margin (%) 3.6 3.2 3.3 3.2
 Assets 14.1 12.3 9.0 7.9
 Net worth 9.5 9.5 8.3 6.4
 RONW (%) 6.8 6.0 6.2 5.5
 Count of Cos. 23,431 20,686 19,475 15,131
Non-financial Companies
 Income 11.1 9.0 3.7 -0.6
 Expenses 11.4 8.7 3.8 -1.4
 Net profit -8.7 -5.6 -2.2 12.8
 PAT margin (%) 2.4 2.1 2.2 2.9
 Net fixed assets 12.8 11.3 12.4 11.0
 Net worth 7.8 8.4 6.8 5.4
 RONW (%) 5.5 4.8 4.9 5.9
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.0 1.9 1.9 2.1
 Net working capital cycle (days) 71 69 68 69
 Count of Cos. 18,019 16,227 15,305 12,140
Numbers are net of P&E
Updated on: 20 Mar 2017 1:24PM

Navigation, presentations & coverage of data enhanced

Rising prices to affect consumer demand and investments

Election spending likely to have boosted demand

Do not reflect true picture of consumption demand