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
4.5 -0.1
Consumer Sentiments Index
Base September-December 2015
96.5 +0.2
Consumer Expectations Index
Base September-December 2015
95.7 0.0
Current Economic Conditions Index
Base September-December 2015
97.8 +0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Dec 16 Mar 17 Jun 17 Sep 17
New projects 2.33 3.84 2.07 1.03
Completed projects 1.01 1.94 1.16 1.00
Stalled projects 1.14 0.73 2.67 0.67
Revived projects 0.18 0.67 0.30 0.29
Implementation stalled projects 0.83 0.33 0.68 0.62
Updated on: 16 Dec 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Dec 16 Mar 17 Jun 17 Sep 17
All listed Companies
 Income 6.2 10.2 9.8 8.2
 Expenses 6.3 11.9 10.0 9.5
 Net profit 40.2 16.0 -19.6 -18.1
 PAT margin (%) 6.0 6.0 5.3 5.6
 Count of Cos. 4,509 4,444 4,325 4,177
Non-financial Companies
 Income 5.9 11.8 10.4 8.1
 Expenses 7.2 15.6 10.6 8.1
 Net profit 24.5 -2.3 -25.0 -5.4
 PAT margin (%) 6.2 6.2 5.2 6.4
 Net fixed assets 6.9 9.3
 Current assets 2.7 79.6
 Current liabilities 8.8 10.0
 Borrowings 4.8 10.6
 Reserves & surplus 6.3 5.3
 Count of Cos. 3,484 3,440 3,358 3,245
Numbers are net of P&E
Updated on: 16 Dec 2017 8:20PM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.2 1.1 6.7
 Expenses 9.9 5.2 1.2 6.9
 Net profit -2.3 1.4 -13.1 20.6
 PAT margin (%) 3.2 3.2 2.9 6.4
 Assets 12.3 9.4 9.7 8.6
 Net worth 9.6 8.7 10.6 7.9
 RONW (%) 6.2 6.1 5.1 9.2
 Count of Cos. 24,045 23,818 20,791 4,756
Non-financial Companies
 Income 9.7 4.3 0.1 6.7
 Expenses 9.3 4.5 -0.6 7.5
 Net profit -2.7 -5.8 11.6 14.6
 PAT margin (%) 2.2 2.1 2.6 6.3
 Net fixed assets 11.6 13.3 15.5 7.3
 Net worth 8.1 7.1 11.0 6.3
 RONW (%) 5.1 4.9 5.4 10.3
 Debt / Equity (times) 1.1 1.1 1.1 0.7
 Interest cover (times) 2.0 1.9 2.0 3.4
 Net working capital cycle (days) 69 67 66 49
 Count of Cos. 19,288 19,270 17,281 3,624
Numbers are net of P&E
Updated on: 04 Dec 2017 11:59AM

Data added for HPI at Assessment prices and HPI at Market prices