No evidence of oil demand recovery in Asia

September imports lower than August

There is scant evidence that demand in the top importing region of Asia is recovering, as per a report in Economic Times. Imports across the region were lower in September compared to the previous month due to continued high prices and economic disruption from the coronavirus pandemic. Crude imports into Asia were 22.99 mbpd in September 2021 compared to 23.24 mbpd in August 2021, according to Refinitiv Oil Research. Lack of available crude import and product export quotas may have constrained buying by China’s independent refiners, stated the media report.

References
1. https://energy.economictimes.indiatimes.com/news/oil-and-gas/column-asia-crude-oil-imports-stay-soft-but-middle-east-is-regaining-share-russell/86961522
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.5 -0.3
Consumer Sentiments Index
Base September-December 2015
58.0 0.0
Consumer Expectations Index
Base September-December 2015
60.6 +0.5
Current Economic Conditions Index
Base September-December 2015
53.9 -0.8
Quarterly CapEx Aggregates
(Rs.trillion) Dec 20 Mar 21 Jun 21 Sep 21
New projects 1.50 2.20 2.55 1.10
Completed projects 0.87 1.17 0.73 0.92
Stalled projects 0.30 0.26 0.32 0.03
Revived projects 0.15 0.22 0.12 0.19
Implementation stalled projects 0.20 0.32 0.25 0.22
Updated on: 21 Oct 2021 3:28PM
Quarterly Financials of Listed Companies
(% change) Dec 20 Mar 21 Jun 21 Sep 21
All listed Companies
 Income 1.6 14.9 42.0 18.3
 Expenses 0.1 7.3 42.2 18.2
 Net profit 58.3 326.2 125.3 28.0
 PAT margin (%) 8.4 8.9 9.0 17.1
 Count of Cos. 4,451 4,364 4,348 178
Non-financial Companies
 Income 0.1 17.4 60.7 21.8
 Expenses -0.7 10.5 62.8 23.2
 Net profit 52.4 221.6 179.7 27.0
 PAT margin (%) 8.8 9.1 8.4 16.3
 Net fixed assets 2.3 7.4
 Current assets 4.4 13.2
 Current liabilities 0.8 17.4
 Borrowings -4.3 3.0
 Reserves & surplus 11.9 4.2
 Count of Cos. 3,299 3,252 3,251 130
Numbers are net of P&E
Updated on: 21 Oct 2021 3:28PM
Annual Financials of All Companies
(% change) FY19 FY20 FY21
All Companies
 Income 13.3 0.2 -1.7
 Expenses 13.6 0.2 -4.3
 Net profit 15.2 -10.4 50.0
 PAT margin (%) 2.1 2.1 7.3
 Assets 9.8 8.5 12.9
 Net worth 8.5 4.5 13.7
 RONW (%) 3.8 3.5 9.0
 Count of Cos. 32,100 31,012 5,853
Non-financial Companies
 Income 14.0 -1.7 -4.1
 Expenses 14.2 -1.4 -6.2
 Net profit 21.2 -21.2 37.6
 PAT margin (%) 2.9 2.3 6.8
 Net fixed assets 5.6 10.0 2.6
 Net worth 7.9 2.1 11.6
 RONW (%) 6.4 4.9 9.9
 Debt / Equity (times) 1.0 1.1 0.7
 Interest cover (times) 2.3 1.9 3.7
 Net working capital cycle (days) 74 81 70
 Count of Cos. 25,659 24,739 4,261
Numbers are net of P&E
Updated on: 19 Oct 2021 1:55PM