Motilal Oswal pegs FY23 GDP growth at 6.8%

Motilal Oswal Financial Services (MOFS) has projected India’s real GDP growth for 2022-23 at 6.8 per cent. MOFS expects global monetary tightening to have serious consequences on growth in calendar year 2023 and financial year 2023-24. Growth for 2023-24 is forecast at 5.5 per cent. India’s nominal GDP growth is likely to soften to 9.4 per cent in 2023-24, as compared to an average growth of 13.6 per cent between 2003-04 and 2018-19.

On inflation, Motilal Oswal Financial Services stated that retail inflation in current fiscal is seen at 6.7 per cent, which may ease to 5.2 per cent in the next fiscal. Current account deficit (CAD) likely widened to 3.7 per cent of GDP in the June 2022 quarter and is expected to peak at 5.5 per cent of GDP in the September 2022 quarter, implying a decadal-high CAD at 3.8 per cent of GDP in 2022-23, it added.

References
1. https://www.financialexpress.com/economy/indian-economy-to-grow-at-6-8-this-fiscal-cad-may-widen-to-55-of-gdp-in-q2-fy23/2673134/
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
6.5 -2.7
Consumer Sentiments Index
Base September-December 2015
76.2 -0.5
Consumer Expectations Index
Base September-December 2015
74.6 0.0
Current Economic Conditions Index
Base September-December 2015
78.7 -1.1
Quarterly CapEx Aggregates
(Rs.trillion) Sep 21 Dec 21 Mar 22 Jun 22
New projects 3.41 4.02 8.19 4.34
Completed projects 1.29 2.77 1.29 1.18
Stalled projects 0.28 0.08 0.43 0.27
Revived projects 0.39 1.98 0.32 0.28
Implementation stalled projects 0.26 0.66 0.09 0.29
Updated on: 26 Sep 2022 8:28PM
Quarterly Financials of Listed Companies
(% change) Sep 21 Dec 21 Mar 22 Jun 22
All listed Companies
 Income 27.5 23.4 20.8 40.3
 Expenses 26.7 21.3 19.9 41.7
 Net profit 55.7 35.4 30.4 20.5
 PAT margin (%) 9.6 9.0 8.9 7.3
 Count of Cos. 4,703 4,750 4,651 4,568
Non-financial Companies
 Income 35.7 29.2 24.9 50.3
 Expenses 36.1 28.8 25.8 53.4
 Net profit 58.1 19.2 10.1 7.6
 PAT margin (%) 8.7 7.5 7.7 5.8
 Net fixed assets 4.9 2.1
 Current assets 11.1 15.1
 Current liabilities 0.9 11.8
 Borrowings 12.2 3.4
 Reserves & surplus 12.6 11.2
 Count of Cos. 3,394 3,439 3,375 3,346
Numbers are net of P&E
Updated on: 26 Sep 2022 8:28PM
Annual Financials of All Companies
(% change) FY20 FY21 FY22
All Companies
 Income 0.6 -1.1 25.6
 Expenses 0.4 -3.3 23.9
 Net profit -6.1 72.0 63.6
 PAT margin (%) 2.0 4.3 8.9
 Assets 9.0 9.8 9.7
 Net worth 4.8 11.8 14.3
 RONW (%) 3.3 6.7 12.7
 Count of Cos. 32,686 30,979 5,135
Non-financial Companies
 Income -1.1 -2.1 32.3
 Expenses -0.9 -4.0 31.7
 Net profit -22.4 59.3 59.7
 PAT margin (%) 2.2 3.9 7.8
 Net fixed assets 11.4 2.3 2.0
 Net worth 2.1 10.3 14.7
 RONW (%) 4.6 7.5 14.1
 Debt / Equity (times) 1.2 1.0 0.7
 Interest cover (times) 1.9 2.4 4.9
 Net working capital cycle (days) 82 87 52
 Count of Cos. 25,868 24,352 3,741
Numbers are net of P&E
Updated on: 20 Sep 2022 10:23AM