As far as India Inc. is concerned, barring a few negative surprises, the overall advance tax payments appear to be pretty healthy and point to continuation of the momentum in corporate earnings growth. India Inc. will start declaring their financial results for the October-December quarter starting next month.
Banks yet again have emerged as the top performers, with ICICI Bank leading the pack this time around. As far as the index bellwethers are concerned, the advance tax numbers of RIL, HDFC, HUL, TCS and Hindalco have seen a sharp uptick.
In the Tata group, Tata Steel is a clear leader with a big jump in its Q3 advance tax followed by TCS, Tata Motors and TCS.
Advance Tax for Q3 FY11 (YoY)
Company Name Amt in Rs. Cr
- ONGC - Rs 2,742 cr vs NA
- IOC - Rs 100 cr vs NA
- HPCL - 29 cr vs 48 cr
- RIL - 1100 cr vs 830 cr
- HDFC - Rs 400 cr vs 320 cr
- HUL - 220 cr vs 175 cr
- Bajaj Auto - 370 cr vs 310 cr
- LIC - 980 cr vs 1070 cr
- SBI - 1850 cr vs 1759 cr
- PNB - 640 cr vs 618 cr
- BOB - 435 cr vs 330 cr
- BOI - 150 cr vs 102 cr
- Central Bank - 179 cr vs 138 cr
- Dena Bank - 75 cr vs 65 cr
- ICICI Bank - 450 cr vs 301 cr
- Tata Steel - 1000 cr vs 650 cr
- Tata Motors - 220 cr vs 100 cr
- Tata Power - 58 cr vs 81 cr
- Tata Chemicals - 58 cr vs 40 cr
- TCS - 230 cr vs 177 cr
- UltraTech - 165 cr vs 90 cr
- Hindalco - 200 cr vs 148 cr
- GSK Pharma - 90 cr vs 85 cr.
- Zee Entertainment - 30 cr vs 37.50 cr
- Alstom Projects - 12 cr vs 16 cr
- Marico - 21 cr vs 18 cr.
All eyes are on tomorrow's RBI policy meeting where it might tackle the issue of tight liquidity.
Source: Internet
No comments:
Post a Comment