Tuesday, December 15, 2009

Advance tax numbers for Q3FY10 look good

It is a mixed bag as far as the overall numbers are concerned. Tata Chemicals and Tata Sons have disappointed with Rs 40 crore versus Rs 83 crore and Rs 20 crore versus Rs 40 crore year-on-year (YoY). But there has been resurgence of sorts in the Tata Group with Tata Steel impressing Rs 650 crore versus Rs 260 crore followed by Tata Power Rs 81 crore versus Rs 29 crore.
Banking sector:
Banking Sector, which has been a star so far as previous quarters are concerned, but not so much this time around a few banks have disappointed Bank of India Rs 102 crore versus Rs 370 crore, Central Bank of India Rs 138 crore versus Rs 163 crore. HDFC is Rs 320 crore versus Rs 280 crore. So the banking sector not performing as well as it had in the previous quarters.
Auto sector:
We have impressive numbers from that auto sector. Tata Motors paying Rs 100 crore versus Rs 0 crore (NIL) we have M&M paying Rs 195 crore versus Rs 4.5 crore and Bajaj Auto paying Rs 320 crore versus Rs 105 crore.
Miscellaneous sectors:
Hindalco Rs 100 crore versus Rs 40 crore, UltraTech Rs 90 crore versus Rs 65 crore and L&T Rs 270 crore versus Rs 312 crore. This is the preliminary trend as of now but we have got to look at few more crucial sectors like Pharma and IT

No comments: