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COVID-19 EFFECTS ON INDIAN COMPANIES

Yıl 2022, Cilt: 3 Sayı: 4, 95 - 110, 30.12.2022
https://doi.org/10.5281/zenodo.7496739

Öz

At the beginning of 2020, the novel covid-19 starts hitting the economies of various countries and terrifying the lives of humans. On 30th January 2020, the first case of the coronavirus appeared in India. Covid-19 has impaired the economy of India and the financial performance of companies belonging to different sectors has been affected badly. The main objective of the research is to assess the effect of a pandemic on the fiscal accomplishment of companies registered on the Indian Stock Market. It was a matter of deep consideration for the Indian government as the covid-19 spread was becoming uncontrollable. No choice was left for the government but to enforce a nationwide lockdown. The selected companies for this research are HDFC Bank, Bajaj Finance Ltd, Hindustan Unilever Ltd, Infosys, Tata Consultancy Services, Maruti Suzuki Ltd and Tata Motors. These companies belong to different sectors including financial, banking, IT, automobile and consumer goods sectors. The overall impact on MSMEs Micro, small and medium enterprises and on the economy is also examined in this study. A qualitative research approach is utilised for this study and a secondary data collection method was used. The findings of this study revealed that a significant decline in net profit, total income, sales, expenses and operating profit was recorded in Tata Motors, Maruti Suzuki and Bajaj Finance Ltd during the covid-19 period while Infosys, TCS and Hindustan Unilever Ltd faced more decline during lockdown period and these companies start coming towards recovery after lockdown period. The most affected sectors include the automobile and financial and banking sectors while the less affected sectors include micro, small and medium enterprises, IT and consumer goods sector. The overall economy also faced a decline and stock exchanges faced drop in their closing indexes during lockdown period.

Kaynakça

  • Alsamhi, M. H., Al-Ofairi, F. A., Farhan, N. H., Al-ahdal, W. M., & Siddiqui, A. 2022 . Impact of Covid-19 on firms’ performance: Empirical evidence from India. Cogent Business & Management, 9 1 , 2044593.
  • Ardolino, M., Bacchetti, A., & Ivanov, D. 2022 . Analysis of the COVID-19 pandemic’s impacts on manufacturing: a systematic literature review and future research agenda. Operations Management Research, 1-16.
  • Bajaj Finance slips 5% after Co briefs on business impact due to Covid-19 2020 . Retrieved from https://www.business-standard.com/article/markets/bajaj-finance-slips-5-after-co-briefs-on-business-i mpact-due-to-covid-19-120040700334_1.html
  • Bharti, N. Impact of Covid-19 on Employees of Companies in India. Business Standard Report 2021 9% MSMEs closed down due to Covid as of August 2020, says govt. Retrieved from https://www.business-standard.com/article/economy-policy/9-msmes-closed-down-due-to-covid-as-of -august-2020-says-govt-121121600707_1.html
  • Business Standard Report 2020 70% of MSMEs intend to reduce headcount to save businesses:AIMO survey. Retrieved from https://www.business-standard.com/article/economic-revival/70-of-msmes-intend-to-reduce-headcoun t-to-save-businesses-aimo-survey-120060401620_1.html
  • Chowdhury, P., Paul, S. K., Kaisar, S., & Moktadir, M. A. 2021 . COVID-19 pandemic related supply chain studies: A systematic review. Transportation Research Part E: Logistics and Transportation Review, 148, 102271.
  • Covid-19 weighs on TCS numbers in Q1; net profit falls 13.8% to Rs 7,008 cr 2020 . Retrieved from https://www.business-standard.com/article/companies/covid-19-weighs-on-tcs-numbers-in-q1-net-prof it-falls-13-8-to-rs-7-008-cr-120071000059_1.html
  • Devi, S., Warasniasih, N. M. S., Masdiantini, P. R., & Musmini, L. S. 2020 . The impact of COVID-19 pandemic on the financial performance of firms on the Indonesia stock exchange. Journal of Economics, Business, & Accountancy Ventura, 23 2 , 226-242.
  • Donthu, N., & Gustafsson, A. 2020 . Effects of COVID-19 on business and research. Journal of business research, 117, 284-289.
  • Gupta, V., Santosh, K. C., Arora, R., Ciano, T., Kalid, K. S., & Mohan, S. 2022 . Socioeconomic impact due to COVID-19: An empirical assessment. Information Processing & Management, 59 2 , 102810.
  • Hindustan Unilever Ltd case study.,2020. Retrieved from https://www.mmaglobal.com/case-study-hub/case_studies/view/64055
  • Jain, V. K., Iyengar, K. P., & Vaishya, R. 2021 . Differences between First wave and Second wave of COVID-19 in India. Diabetes & metabolic syndrome, 15 3 , 1047.
  • Kaushal, V., & Srivastava, S. 2021 . Hospitality and tourism industry amid COVID-19 pandemic: Perspectives on challenges and learnings from India. International journal of hospitality management, 92, 102707.
  • Mahesh, N. M., Ragavi, V., Yeshwanth, K., & Suresh, A. 2021 . Impact of COVID-19 Towards Top Listed Companies and Capital Markets with Reference to NSE. International Journal of Research in Engineering, Science and Management, 4 5 , 159-169 Maruti Suzuki India Ltd. Retrieved from https://www.screener.in/company/MARUTI/consolidated/
  • MARUTI SUZUKI 2019-20 Annual Report Analysis. Retrieved from https://www.equitymaster.com/research-it/annual-results-analysis/MARUTI/MARUTI-SUZUKI-2019 -20-Annual-Report-Analysis/889#:~:text=MARUTI%20SUZUKI%20Balance%20Sheet%20Analysis &text=Current%20assets%20fell%2032%25%20and,witnessing%20a%20fall%20of%201%25.
  • Poddar, A. K. 2020 . Impact of COVID-19 on Indian Economy-A Review Ajay Kumar Poddar* and Brijendra Singh Yadav2. Horizon, 2, 15-22.
  • Press Trust of India .,2020.Covid-19 impact: Tata Motors' Q1 sales fall 82% over subdued demand. Retrieved from https://www.business-standard.com/article/companies/covid-19-impact-tata-motors-q1-sales-fall-82-o ver-subdued-demand-120070101673_1.html
  • Ramasamy, D. 2020 . Impact Analysis in Banking, Insurance and Financial services industry due to COVID-19 Pandemic. Pramana Research Journal, 10 8 .
  • Shankar, R., & Dubey, P. 2021 . Indian stock market during the COVID-19 pandemic: vulnerable or resilient?: sectoral analysis. Organizations and Markets in Emerging Economies, 12 1 , 131-159.
  • Sonobe, T., Takeda, A., Yoshida, S., & Truong, H. T. 2021 . The impacts of the Covid-19 pandemic on micro, small, and medium enterprises in Asia and their digitalization responses.
  • Tata Motors Press Release.,2020.Covid-19 impacts results Retrieved from https://www.tatamotors.com/press/covid-19-impacts-results/
  • Tata Motors Limited Balance Sheet. Retrieved from https://www.screener.in/company/TATAMOTORS/#balance-sheet
  • Tata Motors Net Income 2010-2022. Retrieved from https://www.macrotrends.net/stocks/charts/TTM/tata-motors/net-income#:~:text=Tata%20Motors%20 annual%20net%20income%20for%202020%20was%20%24%2D1.506,a%2064.47%25%20decline% 20from%202019.

COVİD-19 PANDEMİSİNİN HİNTLİ ŞİRKETLER ÜZERİNDEKİ ETKİSİ

Yıl 2022, Cilt: 3 Sayı: 4, 95 - 110, 30.12.2022
https://doi.org/10.5281/zenodo.7496739

Öz

2020'nin başında yeni tip covid-19, çeşitli ülkelerin ekonomilerini vurmaya ve insanların hayatını korkutmaktadır. 30 Ocak 2020'de Hindistan'da ilk koronavirüs vakası ortaya çıkmıştır. Covid-19, Hindistan ekonomisini olumsuz etkilemiştir. Araştırmanın temel amacı, bir pandeminin Hindistan Menkul Kıymetler Borsası'na kayıtlı şirketlerin mali başarıları üzerindeki etkisini değerlendirmektir. Bu araştırma için seçilen şirketler HDFC Bank, Bajaj Finance Ltd, Hindustan Unilever Ltd, Infosys, Tata Danışmanlık Hizmetleri, Maruti Suzuki Ltd ve Tata Motors'tur. Bu çalışmada, MSME'ler Mikro, küçük ve orta ölçekli işletmeler ve ekonomi üzerindeki genel etki de incelenmektedir. Bu çalışma için nitel araştırma yaklaşımı kullanılmış ve ikincil veri toplama yöntemi kullanılmıştır. Bu çalışmanın bulguları, Covid-19 döneminde Tata Motors, Maruti Suzuki ve Bajaj’da net kar, toplam gelir, satışlar, giderler ve işletme karında önemli bir düşüş kaydedilirken Infosys, TCS ve Hindustan Unilever Ltd. karantina döneminde daha fazla düşüş olmuştur ve bu şirketler karantina döneminden sonra toparlanmaya başlamaktadır. En çok etkilenen sektörler otomobil ve finans ve bankacılık sektörlerini içerirken, daha az etkilenen sektörler arasında mikro, küçük ve orta ölçekli işletmeler, BT ve tüketim malları sektörü yer almaktadır.

Kaynakça

  • Alsamhi, M. H., Al-Ofairi, F. A., Farhan, N. H., Al-ahdal, W. M., & Siddiqui, A. 2022 . Impact of Covid-19 on firms’ performance: Empirical evidence from India. Cogent Business & Management, 9 1 , 2044593.
  • Ardolino, M., Bacchetti, A., & Ivanov, D. 2022 . Analysis of the COVID-19 pandemic’s impacts on manufacturing: a systematic literature review and future research agenda. Operations Management Research, 1-16.
  • Bajaj Finance slips 5% after Co briefs on business impact due to Covid-19 2020 . Retrieved from https://www.business-standard.com/article/markets/bajaj-finance-slips-5-after-co-briefs-on-business-i mpact-due-to-covid-19-120040700334_1.html
  • Bharti, N. Impact of Covid-19 on Employees of Companies in India. Business Standard Report 2021 9% MSMEs closed down due to Covid as of August 2020, says govt. Retrieved from https://www.business-standard.com/article/economy-policy/9-msmes-closed-down-due-to-covid-as-of -august-2020-says-govt-121121600707_1.html
  • Business Standard Report 2020 70% of MSMEs intend to reduce headcount to save businesses:AIMO survey. Retrieved from https://www.business-standard.com/article/economic-revival/70-of-msmes-intend-to-reduce-headcoun t-to-save-businesses-aimo-survey-120060401620_1.html
  • Chowdhury, P., Paul, S. K., Kaisar, S., & Moktadir, M. A. 2021 . COVID-19 pandemic related supply chain studies: A systematic review. Transportation Research Part E: Logistics and Transportation Review, 148, 102271.
  • Covid-19 weighs on TCS numbers in Q1; net profit falls 13.8% to Rs 7,008 cr 2020 . Retrieved from https://www.business-standard.com/article/companies/covid-19-weighs-on-tcs-numbers-in-q1-net-prof it-falls-13-8-to-rs-7-008-cr-120071000059_1.html
  • Devi, S., Warasniasih, N. M. S., Masdiantini, P. R., & Musmini, L. S. 2020 . The impact of COVID-19 pandemic on the financial performance of firms on the Indonesia stock exchange. Journal of Economics, Business, & Accountancy Ventura, 23 2 , 226-242.
  • Donthu, N., & Gustafsson, A. 2020 . Effects of COVID-19 on business and research. Journal of business research, 117, 284-289.
  • Gupta, V., Santosh, K. C., Arora, R., Ciano, T., Kalid, K. S., & Mohan, S. 2022 . Socioeconomic impact due to COVID-19: An empirical assessment. Information Processing & Management, 59 2 , 102810.
  • Hindustan Unilever Ltd case study.,2020. Retrieved from https://www.mmaglobal.com/case-study-hub/case_studies/view/64055
  • Jain, V. K., Iyengar, K. P., & Vaishya, R. 2021 . Differences between First wave and Second wave of COVID-19 in India. Diabetes & metabolic syndrome, 15 3 , 1047.
  • Kaushal, V., & Srivastava, S. 2021 . Hospitality and tourism industry amid COVID-19 pandemic: Perspectives on challenges and learnings from India. International journal of hospitality management, 92, 102707.
  • Mahesh, N. M., Ragavi, V., Yeshwanth, K., & Suresh, A. 2021 . Impact of COVID-19 Towards Top Listed Companies and Capital Markets with Reference to NSE. International Journal of Research in Engineering, Science and Management, 4 5 , 159-169 Maruti Suzuki India Ltd. Retrieved from https://www.screener.in/company/MARUTI/consolidated/
  • MARUTI SUZUKI 2019-20 Annual Report Analysis. Retrieved from https://www.equitymaster.com/research-it/annual-results-analysis/MARUTI/MARUTI-SUZUKI-2019 -20-Annual-Report-Analysis/889#:~:text=MARUTI%20SUZUKI%20Balance%20Sheet%20Analysis &text=Current%20assets%20fell%2032%25%20and,witnessing%20a%20fall%20of%201%25.
  • Poddar, A. K. 2020 . Impact of COVID-19 on Indian Economy-A Review Ajay Kumar Poddar* and Brijendra Singh Yadav2. Horizon, 2, 15-22.
  • Press Trust of India .,2020.Covid-19 impact: Tata Motors' Q1 sales fall 82% over subdued demand. Retrieved from https://www.business-standard.com/article/companies/covid-19-impact-tata-motors-q1-sales-fall-82-o ver-subdued-demand-120070101673_1.html
  • Ramasamy, D. 2020 . Impact Analysis in Banking, Insurance and Financial services industry due to COVID-19 Pandemic. Pramana Research Journal, 10 8 .
  • Shankar, R., & Dubey, P. 2021 . Indian stock market during the COVID-19 pandemic: vulnerable or resilient?: sectoral analysis. Organizations and Markets in Emerging Economies, 12 1 , 131-159.
  • Sonobe, T., Takeda, A., Yoshida, S., & Truong, H. T. 2021 . The impacts of the Covid-19 pandemic on micro, small, and medium enterprises in Asia and their digitalization responses.
  • Tata Motors Press Release.,2020.Covid-19 impacts results Retrieved from https://www.tatamotors.com/press/covid-19-impacts-results/
  • Tata Motors Limited Balance Sheet. Retrieved from https://www.screener.in/company/TATAMOTORS/#balance-sheet
  • Tata Motors Net Income 2010-2022. Retrieved from https://www.macrotrends.net/stocks/charts/TTM/tata-motors/net-income#:~:text=Tata%20Motors%20 annual%20net%20income%20for%202020%20was%20%24%2D1.506,a%2064.47%25%20decline% 20from%202019.
Toplam 23 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Araştırma Makalesi
Yazarlar

Sohail Ahmad Bu kişi benim

Recep Ali Küçükçolak Bu kişi benim

Yayımlanma Tarihi 30 Aralık 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 3 Sayı: 4

Kaynak Göster

APA Ahmad, S., & Küçükçolak, R. A. (2022). COVID-19 EFFECTS ON INDIAN COMPANIES. Working Paper Series, 3(4), 95-110. https://doi.org/10.5281/zenodo.7496739