The upcoming budget for 2023-24 is unlikely to be a populist budget, Emkay Global Financial Services stated in a report. It would be presented against the backdrop of renewed uncertainties around global and domestic growth, tighter financial conditions and general election in 2024. The budget would look to focus on growth with an eye on fiscal consolidation. Emkay Global expects the government to announce changes to capital gains tax structure and new personal tax regime, extension of concessional 15 per cent tax rate for new manufacturing units and higher import tariffs on production linked incentive (PLI) related products in the budget for next fiscal.
References | ||
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Unemployment Rate (30-DAY MVG. AVG.) Per cent |
|
7.1 | -0.1 |
Consumer Sentiments Index Base September-December 2015 |
|
84.6 | -0.2 |
Consumer Expectations Index Base September-December 2015 |
|
83.7 | 0.0 |
Current Economic Conditions Index Base September-December 2015 |
|
86.0 | -0.5 |
Updated on : 05 Feb 2023 12:00AM |
(Rs.trillion) | Mar 22 | Jun 22 | Sep 22 | Dec 22 |
---|---|---|---|---|
New projects | 8.68 | 5.20 | 4.42 | 6.68 |
Completed projects | 1.33 | 1.18 | 1.36 | 1.61 |
Stalled projects | 0.43 | 0.53 | 0.07 | 0.01 |
Revived projects | 0.33 | 0.29 | 0.12 | 0.32 |
Implementation stalled projects | 0.09 | 0.29 | 0.26 | 0.11 |
Updated on: 05 Feb 2023 8:28PM |
(% change) | Mar 22 | Jun 22 | Sep 22 | Dec 22 |
---|---|---|---|---|
All listed Companies | ||||
Income | 20.8 | 40.1 | 25.2 | 19.8 |
Expenses | 19.8 | 41.4 | 27.1 | 20.6 |
Net profit | 31.6 | 21.1 | -1.4 | 5.7 |
PAT margin (%) | 8.8 | 7.2 | 7.8 | 9.9 |
Count of Cos. | 4,686 | 4,704 | 4,578 | 1,301 |
Non-financial Companies | ||||
Income | 24.8 | 50.1 | 27.9 | 18.5 |
Expenses | 25.7 | 52.9 | 31.5 | 20.5 |
Net profit | 10.1 | 8.4 | -21.0 | -12.7 |
PAT margin (%) | 7.6 | 5.7 | 5.7 | 7.1 |
Net fixed assets | 2.0 | 4.1 | ||
Current assets | 15.0 | 19.1 | ||
Current liabilities | 11.7 | 10.4 | ||
Borrowings | 3.5 | 12.8 | ||
Reserves & surplus | 11.2 | 7.6 | ||
Count of Cos. | 3,398 | 3,424 | 3,371 | 944 |
Numbers are net of P&E | ||||
Updated on: 05 Feb 2023 8:28PM |
(% change) | FY20 | FY21 | FY22 |
---|---|---|---|
All Companies | |||
Income | 0.6 | -1.4 | 26.0 |
Expenses | 0.3 | -3.6 | 24.9 |
Net profit | -3.0 | 74.5 | 63.3 |
PAT margin (%) | 2.0 | 4.5 | 7.2 |
Assets | 8.9 | 10.7 | 9.9 |
Net worth | 4.8 | 12.0 | 14.0 |
RONW (%) | 3.4 | 6.9 | 11.5 |
Count of Cos. | 31,839 | 30,688 | 14,155 |
Non-financial Companies | |||
Income | -1.1 | -2.5 | 30.7 |
Expenses | -0.9 | -4.4 | 30.4 |
Net profit | -20.5 | 62.4 | 61.3 |
PAT margin (%) | 2.3 | 4.0 | 6.2 |
Net fixed assets | 11.4 | 2.4 | 2.1 |
Net worth | 2.1 | 10.6 | 14.5 |
RONW (%) | 4.7 | 7.6 | 12.7 |
Debt / Equity (times) | 1.1 | 1.0 | 0.8 |
Interest cover (times) | 1.9 | 2.5 | 4.0 |
Net working capital cycle (days) | 73 | 82 | 59 |
Count of Cos. | 25,106 | 24,021 | 11,477 |
Numbers are net of P&E | |||
Updated on: 04 Feb 2023 5:32PM |