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Here we updated Advanced Tax Figure for India Inc for Qtr October - December
Advanced Tax Figure ( declared on 16/10/2008 )
- Tata Motors Oct-Dec advance tax nil vs 59 cr rupees
- L n T Oct-Dec advance tax 312 cr rupees vs 180cr rupees
- M n M Oct-Dec advance tax 4.5 cr rupees vs 60 cr rupees
- TCS Oct-Dec advance tax 129 cr rupees vs 108 cr rupees
- Tata Steel Q3 advance tax 230 cr rupees vs 750 cr rupees
- Ultratech Q3 advance tax 65 cr rupees vs 140 cr rupees
- Bank of Baroda Q3 advance tax 220 cr rupees vs 200 cr rupees
- Indian Hotels Q3 advance tax nil vs 50 cr rupees
- HUL Oct-Dec advance tax 155 cr rupees V/s Rs 110 cr earlier
- ACC Oct-Dec advance tax 180 cr rupees vs 150 cr rupees year ago
- Bajaj Auto Q3 advance tax 105 cr rupees vs 175 cr rupees
- Siemens Oct-Dec advance tax 130 cr rupees vs 130 cr rupees
- Idea Communication Oct-Dec advance tax 8 cr rupees vs nil
- EXIM Bank Oct-Dec advance tax 65 cr rupees
- Asian Paints Oct-Dec advance tax 45 cr rupees
- Lupin Oct-Dec advance tax 15.5 cr rupees vs 45.1 cr rupees
- Kotak Mahindra Bank Oct-Dec advance tax 40 cr rupees
- NABARD Oct-Dec advance tax 220 cr rupees vs 180 cr rupees
- RCF Oct-Dec advance tax 66 cr rupees vs 24 cr rupees
- Ambuja Cements Oct-Dec advance tax 140 cr rupees
- NSE Oct-Dec advance tax 17 cr rupees vs 69 cr rupees
Out of 21 companies who reveled their Adv Tax fig on 16th December 2008, total 8 companies reported a negative tax figure, this shows a slowdown in India Inc . The same figure was captured in FY 2008 - 09, Q2 Earnings report. That also shows a confirm slowdown in Indian Economy and this Advanced Tax figure also reported the same. But before reaching to any final decision we need to get wait and watch all figures of India Inc. In this slowdown , Tata Group get the more shock than any other corporate group. First Corus then Land Rover Jaguar Deal, Singur plant shift ( which cost approx Rs 250 crs to TATA group ) and then Mumbai Terror Attack to Tata Group , TAJ hotel which is a group hotel of Indian Hotels . The complete renovation would cost around Rs 500 - 600 crores , which is only estimated cost and can turn to be more expensive as it is a Heritage Building.
All figures are reported on NW18 , so before taking any action or call please check with the NW18 website.
Reliance Industries - India`s largest private sector company, announced a small rise in its standalone net profit for the second quarter ended September 2008 beating analysts` expections. During the quarter, the profit of the company rose 7.43% to Rs 41,220 million from Rs 38,370 million in the same quarter, previous year. Analysts polled by Bloomberg had estimated profit of Rs 40,139 million for September 2008 quarter. Net sales for the quarter rose 39.77% to Rs 447,870 million, against analysts forecast of Rs 433, 940 million, total income for the quarter rose 39.51% to Rs 449,380 million, when compared with the prior year period. The company posted earnings of Rs 28.40 a share during the quarter, registering 7.58% growth over prior year period.During the quarter, the operating margin of the company fell by 358.63 basis points to 14.46% compared with the previous year period. Interest cost increased 70.04% to Rs 4,370 million while depreciation cost rose 11.96% to Rs 12,640 million over previous year period.
Jaiprakash Hydro - Announced a substantial drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 47.45% to Rs 668.50 million from Rs 1,272.10 million in the same quarter last year. Net sales declined marginally 8.54% to Rs 1,083 million, while total income for the quarter fell 8.17% to Rs 1,155.50 million, when compared with the prior year period. The company reported earnings of Rs 1.36 a share during the quarter, registering 47.49% decline over prior year period.During the quarter, the operating margin of the company declined by 58 basis points to 94.85% compared with 95.43% of the previous year period. Interest cost decreased 12.30% to Rs 229.50 million while depreciation cost rose 0.17% to Rs 116.20 million over previous year period.
Jaiprakash Hydro - Announced a substantial drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 47.45% to Rs 668.50 million from Rs 1,272.10 million in the same quarter last year. Net sales declined marginally 8.54% to Rs 1,083 million, while total income for the quarter fell 8.17% to Rs 1,155.50 million, when compared with the prior year period. The company reported earnings of Rs 1.36 a share during the quarter, registering 47.49% decline over prior year period.During the quarter, the operating margin of the company declined by 58 basis points to 94.85% compared with 95.43% of the previous year period. Interest cost decreased 12.30% to Rs 229.50 million while depreciation cost rose 0.17% to Rs 116.20 million over previous year period.
Punj Lloyd - An engineering and construction company, on consolidated basis, disclosed a 61.08% rise in net profit of Rs 1,441.20 million for the second quarter ended Sep. 30, 2008 as compared to Rs 894.70 million for the quarter ended Sep. 30, 2007. The total Income increased 53.48% from Rs 19,247.10 million for the quarter ended Sep. 30, 2007 to Rs 29,540.80 million for the quarter ended Sep. 30, 2008. On standalone basis, the company disclosed a phenomenal rise in net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 2.81 times to Rs 880.50 million from Rs 313.70 million in the same quarter, last year. Net sales for the quarter surged 52.47% to Rs 15,835.20 million, while total income for the quarter jumped 50.18% to Rs 15,838.60 million, when compared with the prior year period. The company reported earnings of Rs 2.90 a share during the quarter, registering 2.66 times growth over prior year period. During the quarter, the operating margin of the company climbed 393.41 basis points to 12.98% compared with the previous year`s period of 9.05%. Interest cost increased 29.53% to Rs 418.90 million while depreciation cost rose 0.78% to Rs 271.20 million over previous year period.
- Everest Kanto Q2 net profit Rs. 43.17 crs from Rs. 12.71 crs YoY
- Sterlite Inds.Q2 net profit up by 18percent to Rs. 1277 crs from Rs. 1082.74 crs YoY
- Praj Inds Q2 net profit up by 11percent to Rs. 30.18 crs from Rs. 27.09 crs YoY
- Jagran Prakashan Q2 net profit up by 3percent to Rs. 22.70 crs from Rs. 22 crs YoY
- HCL Infosystems Q2 net prodit up by 3percent to Rs. 67.4 crs from Rs. 65.69 crs QoQ
- Unichem Labs. Q2 net profit up by 65percent to Rs. 35.07 crs from Rs. 21.27 crs YoY
- Rajesh Exports Q2 net profit down by 51percent to Rs. 26.48 crs from Rs. 54.24 crs YoY
- Sadbhav Engg. Q2 net profit down by 9 pc to Rs. 5.05 crs from Rs. 5.55 crs YoY
- Monnet Ispat Q2 net profit up by 69percent to Rs. 62 crs from Rs. 36.78 crs YoY
- Exide Inds. Q2 net profit up by 25percent to Rs. 77.84 crs from Rs. 62.24 crs YoY
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