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Moneycontrol » News Center » Business » Economy
Q4 advance taxes: Reliance pays Rs 443 cr
Published on Tue, Mar 18, 2008 at 11:07   |  Updated at Wed, Mar 19, 2008 at 11:13  |  Source : CNBC-TV18
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As per the latest Q4 advance tax numbers, Reliance has paid Rs 443 crore versus Rs 118 crore (YoY). Tata Steel has paid Rs 300 crore versus Rs 350 crore (YoY). Tata Motors has paid Rs 75 Crore versus Rs 190 crore (YoY), TCS has paid Rs 115 crore versus Rs 20 crore (YoY).

 

Indian Hotel has paid Rs 44 crore versus Rs 2 crore (YoY), M&M has paid Rs 116 crore versus Rs 83 Crore (YoY), L&T has paid Rs 170 crore versus Rs 80 crore (YoY), ICICI Bank has paid Rs 250 crore versus Rs 125 Crore (YoY).

 

According to CNBC-TV18 Analyst Nimesh Shah, the advance tax numbers suggest that Q4 earnings are likely to surprise. These are very decent numbers. Except for two largecap companies, almost everyone is surprised on the higher side, in terms of Q4 advance tax numbers.

 

There are just nine banks put together. Their advance tax numbers have gone up by nearly 110% as compared to last year. With respect to the 9 Sensex stocks, which have close to 48-49% weightage in the Sensex, their advance tax numbers have gone up by nearly 87-88%. So, these are definitely a decent set of numbers.

 

SBI has the highest paid advance tax, in terms of largecap companies. In the largecap space, two companies have seen a negative advance tax payment. They are Tata Steel and Tata Motors.

 

Apart from that, in the banking space ICICI Bank, HDFC Bank and even the PSU Banks have reported a strong set of advance tax numbers for this quarter. If you look at the largecap companies, TCS and M&M spread out decent numbers.

 

Even in the midcap space, some of the big surprises were Indian Hotels with Rs 40 crore versus Rs 2 crore.

 

Dena Bank, IndusInd Bank and some of the smallcap banks have reported a strong set of numbers. Castrol has reported a strong set of numbers and MRPL has been a big surprise with Rs 100 crore versus Rs 20 crore.

 

Advance Tax paid by some other companies:

 

HDFC Bank paid Rs 250 crore versus Rs 165 crore (YoY)

Bank Of India paid Rs 191 crore versus Rs 150 crore (YoY)

Union Bank paid Rs 130 crore versus Rs 100 crore (YoY)

Central Bank paid Rs 220 crore versus Nil (YoY)

Ambuja Cement paid Rs 175 crore versus Rs 100 crore (YoY)

MRPL paid Rs 100 crore versus Rs 20 crore (YoY)

 

Given below are some of the Advance Tax numbers for this quarter:

Company                            Previous No                      Current No.
SBI                                          690                                 1418
RIL                                            118                                   443
Tata Steel                                 350                                  300
HDFC                                         165                                  250
BOI                                            150                                   191
BOB                                            50                                   220
L&T                                             80                                   170
UNION BANK                             100                                   130
TATA CHEM                                65                                     90
TCS                                            20                                    116
CBI                                              0                                     221
ICICI                                          125                                    250
M&M                                          83                                     116
TATA MOTOR                            190                                      75
IND HOTEL                                   2                                       44
DENA BANK                               10                                       50
MRPL                                       20                                      100
TATA POWER                             0                                        43
TECH MAHINDRA                       5.5                                         0
INDUSIND BANK                         12                                        19
GUJ AMBUJA                            100                                      175
CASTROL                                  24                                        46
ULTRATECH                              110                                       155
BPCL                                        275                                        240

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Tags: Nimesh Shah, Tata Steel , Tata Motors,  ICICI Bank, HDFC Bank , TCS, M&M , Indian Hotels , Dena Bank,  IndusInd Bank
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