Q4 Advance tax figures: Growth momentum likely to continue

The Q4 advance tax figures, a bellwether of corporate profitability, announced yesterday indicate that the growth momentum is likely to continue amidst the global concerns looming in the backdrop. Expected slowdown in economic growth has not yet impacted corporate bottom line. It may be noted that the companies are required to pay the tax in four quarterly installments, the last being on March 15 every year.

Two companies saw the highest growth in terms of advance tax payout. Financial Services Company HDFC more than trebled its payout, while diversified conglomerate Reliance Industries saw the tax outgo nearly treble for the quarter.