It is the advance tax payments season now. In the third quarter 2011 most of the payments from the leading Indian companies is flattish. It clearly shows the slowdown impacts their bottomlines.
Let us observe the tax payments of various companies in the third quarter 2011.
LIC leads the list of companies by paying Rs.1200 crores against Rs.1070 crores year ago.
The largest engineering and construction conglomerate L&T pays only Rs.350 crores against Rs.340 crores year ago.
Bank of Baroda – Rs.550 crore against Rs.420 crore.
RIL paid Rs 1002 crore versus Rs 1190 crore
Infosys with Rs 400 crore versus Rs 150 crore
SBI with Rs 1,795 crore versus Rs 1,700 crore.
ICICI Bank with disappointing numbers paying Rs 314 crore versus Rs 625 crore.
Standard Chartered also disappointed with Rs 400 crore versus Rs 431 crore
HSBC Bank with Rs 175 crore versus Rs 400 crore
Citibank with Rs 225 crore versus the same earlier.
Reliance Energy with Rs 60 crore versus Rs 20 crore
Idea cellular with Rs 48 crore versus 8 crore.
Indian hotels and HPCL do not return any tax this quarter 2011.
Pfizer- Rs 30 crore for the third quarter this fiscal, as against Rs 25 crore last year
Novartis – Rs 20 crore for Oct-Dec versus Rs 18 crore last year.
Alok Ind - Rs 32 crore for Oct-Dec versus Rs 35 crore last year.
Tata Power – Rs 80 crore for Oct-Dec versus Rs 60 crore last year.
Tata Chemical – Rs 70 crore for Oct-Dec versus Rs 55 crore last year.
M&M – of Rs 220 crore for Oct-Dec versus Rs 230 crore last year.
Crompton Greaves – Rs 62 crore for Oct-Dec versus Rs 78.5 crore last year.
Dena Bank – Rs 65 crore for Oct-Dec versus Rs 80 crore last year.
ITC – Rs 910 crore versus Rs 790 crore last year
Hero MotoCorp – Rs 180 crore versus Rs 120 crore last year.
Piramal Heathcare – Nil for Oct-Dec versus Rs 1200 crore last year.
Central Bank – Rs 100 crore for Oct-Dec versus Rs 180 crore last year.
Castrol – Rs 70 crore for Oct-Dec versus Rs 80 crore last year.
HDFC Bank – Rs 900 crore for Oct-Dec versus Rs 750 crore last year.
Kotak Mahindra Bank – Rs 150 crore for Oct-Dec versus Rs 80 crore last year.
Tata Motors – Rs 80 crore for Oct-Dec versus Rs 1190 crore last year.
Indusind Bank – Rs 120 crore for Oct-Dec versus Rs 110 crore last year.
Bank of India – Rs 100 crore for Oct-Dec versus Rs 150 crore last year.
Godrej Consumer – Rs 40 crore for Oct-Dec versus Rs 15 crore last year.
Hindustan Zinc – Rs 400 crore for Oct-Dec versus Rs 325 crore last year.
SBI -Rs 1,730 crore for Oct-Dec versus Rs 1,850 crore last year.
Axis Bank – Rs 662 crore for Oct-Dec versus Rs 540 crore last year.
HDFC – Rs 475 crore for Oct-Dec versus Rs 400 crore last year.
HPCL – NIL for Oct-Dec versus Rs 107 crore last year.
Oil India – Rs 600 crore for Oct-Dec 2011.
NTPC – Rs 830 crore for Oct-Dec versus Rs 1,000 crore last year.
GIC – Rs 135 crore for Oct-Dec versus Rs 130 crore last year.
Yes Bank – Rs 160 crore for Oct-Dec versus Rs 120 crore last year.
IndusInd Bank - Rs 120 crore for Oct-Dec versus Rs 110 crore last year.
Hindustan Unilever – Rs 300 crore for Oct-Dec versus Rs 220 crore last year.
ONGC – Rs 2924 crore for Oct-Dec versus Rs 2742 crore last year.
Siemens – Rs 70 crore for Oct-Dec versus Rs 120 crore last year.
Glaxo Pharma – Rs 80 crore for Oct-Dec versus Rs 90 crore last year.
TCS – Rs 550 crore for Oct-Dec versus Rs 220 crore last year.
Oracle Finance – Rs 45 crore for Oct-Dec versus Rs 50 crore last year.
Cipla – Rs 90 crore for Oct-Dec versus Rs 70 crore last year.
Asian Paints – Rs 130 crore for Oct-Dec versus Rs 100 crore last year.
Union Bank – Rs 220 crore for Oct-Dec versus Rs 350 crore last year.
Bajaj Auto – Rs 450 crore for Oct-Dec versus Rs 370 crore last year.
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Advance tax numbers are not quite good in this quarter because of slowdown and high interest rates which are expected to take a U turn now
Yes Mayank. They are really pathetic this quarter except 2or 3 companies.