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Performance of Non-Government Non-Banking Financial and Investment (NGNBF&I) Companies, 2015-16: Data Release

The Reserve Bank of India released on its website on 30th March, 2017 (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_43) data relating to the performance of non-government non-banking financial and investment (NGNBF&I) companies excluding insurance and banking companies, 2015-16.

The data have been compiled on the basis of audited annual balance sheets and profit and loss accounts of 21,186 NGNBF&I companies accounting for 74.9 per cent of total paid-up capital (PUC) of all NGNBF&I companies as on March 31, 2016. The data have been presented for the three-year period 2013-14 to 2015-16 to facilitate comparison. Explanatory notes pertaining to the statements are also released.

Highlights:

  • Financial income of the select NGNBF&I companies had recorded higher growth in 2015-16 as compared with the previous year.
  • Total expenditure grew at a slower rate in 2015-16 than in the preceding year, mainly due to deceleration in employees’ remuneration, while interest expenses increased marginally in the reference period.
  • Operating profits (EBDT) had improved significantly in 2015-16 as compared with the previous year.
  • The operating profit margin (measured as a ratio of operating profits to financial income) and return on equity (measured ratio of net profits to net worth) increased marginally in 2015-16 from its previous year’s level.
  • Total borrowings grew at a marginally higher rate in 2015-16 than a year ago. However, borrowings from banks decelerated in 2015-16. The debt to equity ratio rose over the three-year period i.e., 2013-14 to 2015-16.
  • On the liabilities side, the share of short-term and long-term borrowings increased marginally during 2015-16 from its level in the preceding year.
  • On the assets side, the share of long-term loans and advances firmed up over the three-year period.
  • NGNBF&I companies continued to rely mainly on external sources of funds for their business expansion.
  • The funds were used predominantly for expanding their loans and advances as well as long term investments portfolios.

An article analysing the performance of select 21,186 NGNBF&I companies at the aggregate and granular level will be published in the May 2017 issue of the RBI Bulletin.




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