DID COVID-19 PANDEMIC AFFECT THE FINANCIAL PERFORMANCE OF THE COMPANIES AWFULLY?

Abstract- Whole economy was negatively affected, and as well as all companies have a huge impact of Covid-19 pandemic on the financial performance. This pandemic has affected globally and put a strain but this pandemic has also given many new opportunities to the companies to become more digitalize. To analyses the financial performance of before and during Covid-19 period 22 Tata Group Companies which are listed in Nifty Stock Exchange have been selected. The Normality Test, Kolmogorov-Smirnova, Shapiro-Wilk and Wilcoxon Signed Rank Test was performed to test the difference between some selected ratios in 2019- 22. The objective of the study was to calculate and analyze Return on Asset, Receivable Turnover, Current Ratio, Leverage ratio.To compare the financial performance of selected Tata Group companies of before covid-19 and during Covid-19 period and to analyze the impact of pandemic on the companies financial performance of selected Tata Group companies. This study found that the financial performance of 22 Tata Group Companies listed on the National stock exchange has improved. The analysis shows that all the ratios return on asset, leverage ratio, current ratio and receivables turnover all have increased before and during Covid-19 period