IIP improved by 4.5% in February 2020

by Yash Shah

The index of industrial production (IIP) rose by 4.5 per cent on a y-o-y basis in February 2020. Industrial production in February improved over a base of 0.2 per cent. This was the highest y-o-y growth recorded since July 2019.

Mining & quarrying activity recorded 10 per cent y-o-y growth in February 2020, highest recorded growth since March 2017. Electricity generation grew by 8 per cent in February. Manufacturing index improved by 3.2 per cent. Both manufacturing activity and electricity generation recorded highest growth since July 2019. 13 out of 23 industry groups in the manufacturing sector have shown positive growth during February 2020 as compared to the corresponding month of the previous year.

As per use-based classification, primary goods, intermediate goods and infrastructure / construction goods recorded y-o-y growth in February. Infrastructure / construction goods record marginal growth in February 2020 after six consecutive months of decline. Growth in production of consumer non-durables remained flat. Production of capital goods and consumer durables recorded a fall of 9.7 per cent and 6.4 per cent, respectively.

IIP rose by 0.9 per cent on a cumulative basis during April 2019-February 2020 as compared to 4 per cent growth recorded in the corresponding period in the previous year.

Index of Industrial Production (Y-o-Y % Change)
  Feb 2020 Apr 2019-Feb 2020
IIP 4.5 0.9
By economic activity
 Mining 10.0 1.9
 Manufacturing 3.2 0.6
 Electricity 8.1 1.5
By usage
 Primary goods 7.4 1.1
 Capital goods -9.7 -11.4
 Intermediate goods 22.4 12.2
 Infra/constr. goods 0.1 -2.1
 Consumer durables -6.4 -6.2
 Consumer non-durables 0.0 2.0

References
1. https://pib.gov.in/PressReleseDetail.aspx?PRID=1612553
CMIE STATISTICS
Unemployment Rate
Per cent
23.6 -0.2
Consumer Sentiments Index
Base September-December 2015
40.1 -0.9
Consumer Expectations Index
Base September-December 2015
41.4 -0.7
Current Economic Conditions Index
Base September-December 2015
38.0 -1.2
Quarterly CapEx Aggregates
(Rs.trillion) Jun 19 Sep 19 Dec 19 Mar 20
New projects 1.12 2.19 5.02 3.08
Completed projects 0.88 0.85 1.65 1.30
Stalled projects 0.13 0.41 0.60 0.59
Revived projects 0.29 0.54 0.83 0.42
Implementation stalled projects 0.98 0.85 0.15 5.79
Updated on: 30 May 2020 8:28PM
Quarterly Financials of Listed Companies
(% change) Jun 19 Sep 19 Dec 19 Mar 20
All listed Companies
 Income 4.7 -2.2 -1.7 -0.2
 Expenses 2.7 -3.1 -2.2 1.2
 Net profit 17.4 -2.3 -9.9 -3.7
 PAT margin (%) 6.2 5.3 5.2 9.5
 Count of Cos. 4,471 4,430 4,379 366
Non-financial Companies
 Income 2.4 -6.4 -5.4 -4.1
 Expenses 1.7 -6.7 -6.3 -3.6
 Net profit -8.6 -14.5 -13.0 2.6
 PAT margin (%) 6.3 5.8 5.8 11.0
 Net fixed assets 10.4 21.5
 Current assets 4.9 9.1
 Current liabilities 4.9 8.1
 Borrowings 8.5 15.1
 Reserves & surplus 6.1 14.3
 Count of Cos. 3,349 3,325 3,280 294
Numbers are net of P&E
Updated on: 30 May 2020 8:28PM
Annual Financials of All Companies
(% change) FY17 FY18 FY19
All Companies
 Income 6.1 8.1 14.7
 Expenses 6.1 9.6 15.0
 Net profit 26.2 -39.9 20.5
 PAT margin (%) 3.3 2.1 3.2
 Assets 8.6 10.9 9.9
 Net worth 9.6 7.5 9.3
 RONW (%) 5.8 3.5 5.3
 Count of Cos. 28,112 25,794 18,040
Non-financial Companies
 Income 5.8 8.3 15.4
 Expenses 6.0 8.4 15.9
 Net profit 22.9 -8.7 18.8
 PAT margin (%) 2.9 2.8 4.0
 Net fixed assets 9.2 6.9 5.7
 Net worth 8.9 6.0 8.8
 RONW (%) 6.2 5.7 8.1
 Debt / Equity (times) 1.1 1.0 0.8
 Interest cover (times) 2.0 2.2 2.8
 Net working capital cycle (days) 85 76 57
 Count of Cos. 22,951 21,018 14,184
Numbers are net of P&E
Updated on: 29 May 2020 9:58AM