FinMin optimistic about economic revival in Q3FY21

by Nidhi Bhati

The Ministry of Finance in its economic outlook report for November 2020 stated that the Indian economy is witnessing a V-shaped recovery and is expected to clock a better performance in the December 2020 quarter. It further noted that GDP contraction easing to 7.5 per cent in the September quarter from 23.9 per cent contraction in the previous quarter underlines a quarter-on-quarter surge in GDP growth of 23 per cent. Agriculture, construction and manufacturing are said to be the growth drivers for the economy. On the weak spots, the report pointed out that services dependent on human mobility and contact will bide their time to reach pre-pandemic levels before the fear of contagion declines to manageable levels, addressed among others, by the emergence of a vaccine.

References
1. https://www.thehindubusinessline.com/economy/finmin-hopes-for-better-recovery-during-oct-dec-quarter/article33238899.ece
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.2 -0.1
Consumer Sentiments Index
Base September-December 2015
53.9 +0.3
Consumer Expectations Index
Base September-December 2015
55.7 +0.5
Current Economic Conditions Index
Base September-December 2015
51.1 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Mar 20 Jun 20 Sep 20 Dec 20
New projects 3.80 0.83 1.05 0.86
Completed projects 1.77 0.25 0.72 0.58
Stalled projects 0.73 0.11 0.08 0.30
Revived projects 0.42 0.68 0.36 0.08
Implementation stalled projects 10.18 0.09 0.07 0.12
Updated on: 22 Jan 2021 3:28PM
Quarterly Financials of Listed Companies
(% change) Mar 20 Jun 20 Sep 20 Dec 20
All listed Companies
 Income -5.0 -27.6 -6.2 9.0
 Expenses -1.9 -27.9 -10.1 5.7
 Net profit -48.9 -40.2 45.2 36.2
 PAT margin (%) 2.3 5.3 8.3 19.0
 Count of Cos. 4,355 4,348 4,314 214
Non-financial Companies
 Income -9.0 -37.4 -10.4 11.2
 Expenses -4.9 -37.6 -14.0 6.8
 Net profit -50.1 -55.8 29.9 51.6
 PAT margin (%) 3.2 4.5 8.0 19.1
 Net fixed assets 13.3 5.9
 Current assets 3.6 0.8
 Current liabilities 6.2 -2.8
 Borrowings 15.8 8.1
 Reserves & surplus 1.3 4.5
 Count of Cos. 3,239 3,236 3,217 149
Numbers are net of P&E
Updated on: 22 Jan 2021 3:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.5 0.3
 Expenses 9.9 13.8 0.5
 Net profit -41.4 18.5 -11.8
 PAT margin (%) 1.9 2.2 3.8
 Assets 10.9 9.5 9.3
 Net worth 7.4 8.5 4.7
 RONW (%) 3.4 4.0 5.5
 Count of Cos. 29,431 28,732 9,883
Non-financial Companies
 Income 8.6 14.1 -2.6
 Expenses 8.8 14.3 -1.8
 Net profit -10.1 22.6 -24.0
 PAT margin (%) 2.7 3.0 3.9
 Net fixed assets 7.2 5.5 12.4
 Net worth 6.0 8.2 1.7
 RONW (%) 5.6 6.6 6.8
 Debt / Equity (times) 1.0 1.0 0.8
 Interest cover (times) 2.1 2.3 2.6
 Net working capital cycle (days) 77 70 59
 Count of Cos. 23,809 23,199 7,312
Numbers are net of P&E
Updated on: 20 Jan 2021 2:19PM