ICRA projects India's real GDP for Q2FY22 at 7.7%

ICRA expects India’s real GDP for the September 2021 quarter to have grown by 7.7 per cent on year-on-year (y-o-y) basis, trailing the pre-Covid level of the September 2019 quarter. However, the rating agency stated that September print was not as good as the quarter, indicating that the recovery remains uneven. Continued base normalisation, emerging supply-side constraints and excess rainfall dampened the annualised performance of 14 of the 15 high-frequency indicators, except non-food bank credit, in September compared to August, it stated. In quarterly terms, half of the indicators had recovered above their pre-Covid levels during July-September 2021, an improvement as compared to April-June 2021, when only three of the 14 indicators had bettered their pre-pandemic performance.

References
1. https://www.business-standard.com/article/economy-policy/performance-of-high-frequency-indicators-moderated-in-september-icra-121102101369_1.html
2. https://www.financialexpress.com/economy/with-recovery-widening-icra-sees-q2-gdp-at-7-7-pc/2354252/
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.0 +0.7
Consumer Sentiments Index
Base September-December 2015
59.8 -0.3
Consumer Expectations Index
Base September-December 2015
61.8 -0.5
Current Economic Conditions Index
Base September-December 2015
56.6 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Dec 20 Mar 21 Jun 21 Sep 21
New projects 1.50 2.25 2.64 2.09
Completed projects 0.87 1.17 0.72 1.09
Stalled projects 0.30 0.26 0.32 0.03
Revived projects 0.15 0.22 0.12 0.27
Implementation stalled projects 0.20 0.34 0.25 0.22
Updated on: 01 Dec 2021 8:28PM
Quarterly Financials of Listed Companies
(% change) Dec 20 Mar 21 Jun 21 Sep 21
All listed Companies
 Income 1.6 15.1 39.3 27.8
 Expenses 0.1 7.4 38.9 27.2
 Net profit 58.1 330.5 134.8 53.0
 PAT margin (%) 8.4 8.8 9.0 9.7
 Count of Cos. 4,460 4,384 4,471 4,487
Non-financial Companies
 Income 0.2 17.7 56.3 35.8
 Expenses -0.7 10.6 57.4 36.3
 Net profit 51.8 221.2 199.9 59.5
 PAT margin (%) 8.8 9.0 8.5 8.8
 Net fixed assets 2.2 13.9
 Current assets 4.4 17.5
 Current liabilities 0.8 6.8
 Borrowings -4.3 21.5
 Reserves & surplus 11.7 18.8
 Count of Cos. 3,282 3,244 3,296 3,281
Numbers are net of P&E
Updated on: 01 Dec 2021 8:28PM
Annual Financials of All Companies
(% change) FY19 FY20 FY21
All Companies
 Income 13.3 0.4 -1.3
 Expenses 13.6 0.4 -3.8
 Net profit 15.2 -10.7 50.4
 PAT margin (%) 2.1 2.1 6.5
 Assets 9.8 8.7 11.4
 Net worth 8.5 4.6 13.2
 RONW (%) 3.7 3.5 8.6
 Count of Cos. 32,313 31,235 8,302
Non-financial Companies
 Income 14.0 -1.4 -3.1
 Expenses 14.2 -1.1 -5.2
 Net profit 21.7 -20.8 40.5
 PAT margin (%) 2.9 2.4 6.0
 Net fixed assets 5.7 10.7 2.0
 Net worth 7.9 2.4 11.0
 RONW (%) 6.4 5.0 9.6
 Debt / Equity (times) 1.0 1.1 0.7
 Interest cover (times) 2.3 1.9 3.2
 Net working capital cycle (days) 74 81 78
 Count of Cos. 25,815 24,885 6,091
Numbers are net of P&E
Updated on: 28 Nov 2021 2:41PM