Cash crunch at ATMs as demand zooms up

ATM companies suffer loss of Rs.7 billion

by Janhavi Behere

Withdrawals from ATMs have reached pre-demonetisation levels but the supply of currency from banks to ATMs is 50 per cent of pre-demonetisation levels, as per a report in Economic Times. The average supply to ATMs was Rs.1.2 million prior to demonetisation but has now dropped to Rs.0.6 million. On the other hand, inter bank ATM withdrawals touched Rs.1 trillion in March 2017, nearly equal to the level in October 2016. This has resulted in a cash-crunch at the ATMs. Revenues of ATM companies have dipped by Rs.7 billion between November 2016 and mid-January 2017 as 20 per cent of their network remained shut due to loss of cash.

References
1. http://economictimes.indiatimes.com/news/industry/banking/finance/banking/atms-go-dry-on-demand-supply-mismatch/articleshow/58288638.cms
CMIE STATISTICS
Unemployment Rate
Per cent
5.7 +0.1
Consumer Sentiments Index
Base September-December 2015
92.8 -0.4
Consumer Expectations Index
Base September-December 2015
91.9 -0.3
Current Economic Conditions Index
Base September-December 2015
94.1 -0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Mar 17 Jun 17 Sep 17 Dec 17
New projects 4.07 2.13 1.22 1.08
Completed projects 1.96 0.86 1.05 0.92
Stalled projects 0.74 2.67 0.67 0.93
Revived projects 0.86 0.30 0.29 0.23
Implementation stalled projects 0.33 0.69 0.73 0.58
Updated on: 18 Feb 2018 12:20PM
Quarterly Financials of Listed Companies
(% change) Mar 17 Jun 17 Sep 17 Dec 17
All listed Companies
 Income 10.2 9.7 7.9 12.1
 Expenses 11.9 10.0 9.0 12.9
 Net profit 16.4 -19.8 -16.8 -10.4
 PAT margin (%) 6.0 5.3 5.7 5.2
 Count of Cos. 4,469 4,454 4,426 3,985
Non-financial Companies
 Income 11.8 10.3 7.7 13.0
 Expenses 15.6 10.6 7.5 11.8
 Net profit -2.2 -25.2 -4.2 15.7
 PAT margin (%) 6.1 5.2 6.4 6.8
 Net fixed assets 6.9 9.2
 Current assets 2.7 78.8
 Current liabilities 8.9 11.0
 Borrowings 4.9 10.5
 Reserves & surplus 6.1 5.2
 Count of Cos. 3,453 3,439 3,408 3,095
Numbers are net of P&E
Updated on: 18 Feb 2018 12:20PM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.4 1.4 6.7
 Expenses 9.9 5.5 1.6 7.1
 Net profit -2.5 0.9 -12.9 18.8
 PAT margin (%) 3.1 3.1 2.8 5.6
 Assets 12.3 9.5 9.8 8.4
 Net worth 9.6 8.6 10.8 7.5
 RONW (%) 6.1 6.0 5.0 8.2
 Count of Cos. 24,506 24,447 22,230 10,161
Non-financial Companies
 Income 9.7 4.6 0.5 6.6
 Expenses 9.4 4.7 -0.1 7.7
 Net profit -3.1 -6.9 12.6 11.7
 PAT margin (%) 2.2 2.1 2.5 5.2
 Net fixed assets 11.7 13.2 15.4 7.5
 Net worth 8.2 7.1 11.2 5.5
 RONW (%) 5.1 4.8 5.3 8.9
 Debt / Equity (times) 1.1 1.1 1.1 0.8
 Interest cover (times) 2.0 1.9 1.9 2.8
 Net working capital cycle (days) 69 67 66 52
 Count of Cos. 19,752 19,893 18,615 7,888
Numbers are net of P&E
Updated on: 04 Feb 2018 9:54AM

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