Firms and lenders provisions for Covid-related losses cross Rs 27,000 cr

Inventory, impairment losses also run into thousands of crores across March and June, Business Standard analysis shows

Companies have set aside provisions of Rs 27,312 crore against potential Covid-related losses. These include lenders with outstanding loans, as well as firms to which trade receivables are due. 

Trade receivable is the amount owed for goods and services provided to customers, for which payment is yet to be made.

The amount is based on a compilation of Covid-related disclosures from S&P BSE 100 firms carried out by Deloitte Touche Tohmatsu India, in association with Business Standard. The S&P BSE 100 entities account for roughly two-thirds of India’s total listed market capitalisation. The analysis covers the March quarter numbers, and