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Home textile industry to see 7-9% rise in revenues in FY24: Crisil Ratings Crisil Ratings in its latest report has said home textile industry's revenues are expected to rise 7-9 per cent this fiscal (FY24) as the sector regains global share following a correction in domestic cotton prices and restocking by big-box retailers in major overseas markets. It said in the last financial year, their revenues had declined 15 per cent. According to report, operating profitability of the industry will improve 150-200 basis points to 14-14.5 per cent this fiscal, due to ...
Home textile industry to see 7-9% rise in revenues in FY24: Crisil Ratings
Home textile industry to see 7-9% rise in revenues in FY24: Crisil Ratings
Source: Accord Fintech
31/08/2023 10:54:05 AM
Total capital outlay for roads and renewables likely to jump by 35% in FY24, FY25: Crisil Crisil Ratings in its latest report has said that the total capital outlay for roads and renewables in 2023-24 and 2024-25 is likely to jump by 35 per cent to Rs 13 lakh crore compared to that in the last two fiscal years. Conducive policies, rising investor interest and strong execution speed are expected to drive the capital outlay in the sectors.  According to the report, the pace of execution of renewable energy projects is set to increase 33 per cent to 20 GW per annum over the c...
Total capital outlay for roads and renewables likely to jump by 35% in FY24, FY25: Crisil
Total capital outlay for roads and renewables likely to jump by 35% in FY24, FY25: Crisil
Source: Accord Fintech
30/08/2023 12:35:54 PM
Top Indian states` spending on social welfare set to touch 10-year high of Rs 4 lakh crore in FY24: Crisil Domestic rating agency Crisil in its latest report has said that top Indian states' spending on social welfare is set to touch a 10-year high of Rs 4 lakh crore, or 1.7 per cent of their combined Gross State Domestic Product (GSDP), in the ongoing fiscal (FY24). After analysing budgets of top 11 states, which account for over three-fourths of the aggregate GSDP, it said the growth in social welfare schemes is expected to clock a 16 per cent jump in compounded annual growth rate between 20...
Top Indian states` spending on social welfare set to touch 10-year high of Rs 4 lakh crore in FY24: Crisil
Top Indian states` spending on social welfare set to touch 10-year high of Rs 4 lakh crore in FY24: Crisil
Source: Accord Fintech
24/08/2023 12:50:52 PM
Footwear industry to record 11% revenue growth in FY24: Crisil Ratings Crisil Ratings in its latest report has said softening input cost and rising demand will help the footwear industry to record an 11 per cent growth in revenue this fiscal (FY24). He stated footwear demand is seen clipping at 4 percent this fiscal. Moreover, it said domestic revenue is seen rising 10 per cent, driven largely by higher selling prices. This fiscal, the increase in average selling price will largely be due to a shift in the product mix towards higher-priced segments compared to p...
Footwear industry to record 11% revenue growth in FY24: Crisil Ratings
Footwear industry to record 11% revenue growth in FY24: Crisil Ratings
Source: Accord Fintech
23/08/2023 10:54:27 AM
Revenue of organised dairy industry likely to grow 14-16% in 2023-24: Crisil Ratings Crisil Ratings in its latest report has said that revenue of the organised dairy industry is likely to grow 14-16 per cent in 2023-24, on the back of strong demand for value added products and stable consumption of liquid milk. It said with raw milk supply improving, there will be fewer price hikes and profitability will recover 20-50 basis points. Crisil Ratings Senior Director Mohit Makhija is expecting that the strong revenue growth in VAP (Value Added Products) seen over the past few y...
Revenue of organised dairy industry likely to grow 14-16% in 2023-24: Crisil Ratings
Revenue of organised dairy industry likely to grow 14-16% in 2023-24: Crisil Ratings
Source: Accord Fintech
18/08/2023 2:01:05 PM
Indian specialty chemicals sector to see revenue growth of 6-7% in FY24: Crisil Credit rating agency Crisil in its latest report has said that the Indian specialty chemicals sector will see revenue growth of 6-7% in fiscal 2024, with higher domestic demand (60% of total revenue) driving up volume growth even as macroeconomic headwinds in the US and Europe subdue exports. Besides, realisations are expected to remain flattish this fiscal, which will have a moderating effect on the overall revenue growth. It noted that last fiscal, revenue growth had plunged to 11% from 41%...
Indian specialty chemicals sector to see revenue growth of 6-7% in FY24: Crisil
Indian specialty chemicals sector to see revenue growth of 6-7% in FY24: Crisil
Source: Accord Fintech
20/07/2023 12:26:04 PM
India Inc to report 6-8% slowdown in revenue growth in April-June period: Crisil Market Intelligence and Analytics The rating agency Crisil’s arm -- Crisil Market Intelligence and Analytics in its latest report has said that India Inc is set to report a 6-8 per cent slowdown in revenue growth in the April-June period, making it the fourth straight quarter of a dip in the key number. However, from a profitability perspective, corporate India is set to report an increase in margins to 20 per cent as against 19.6 per cent in the year-ago period, due to softness in the commodity prices. It also said mod...
India Inc to report 6-8% slowdown in revenue growth in April-June period: Crisil Market Intelligence and Analytics
India Inc to report 6-8% slowdown in revenue growth in April-June period: Crisil Market Intelligence and Analytics
Source: Accord Fintech
19/07/2023 10:09:30 AM
FMCG sector to witness 7-9% rise in revenue in FY24: Crisil Crisil Ratings has said revenue of the fast-moving consumer goods (FMCG) sector is expected to grow 7-9 per cent in current financial year (FY24), a tad slower than the 8-9 registered in the past two fiscals. It stated higher volume is expected to drive revenue growth, amid support from a gradual recovery in rural demand. On the other hand, it said urban demand will see stable growth on a higher base. Further, it said demand from the rural segment began to recover in the last quarter of fi...
FMCG sector to witness 7-9% rise in revenue in FY24: Crisil
FMCG sector to witness 7-9% rise in revenue in FY24: Crisil
Source: Accord Fintech
6/07/2023 10:10:07 AM
Indian handicraft exports may witness 6-8% decline to $3.3 billion in FY24: Crisil Crisil Ratings in its latest report has said that Indian handicraft exports may witness a 6-8 per cent decline to $3.3 billion in FY24, mainly due to slowdown in discretionary spending in key global markets. It noted that amid the slowdown in key export markets, Indian handicraft exporters will face increased competition from their Chinese counterparts post easing of Covid-19 curbs in China. It said handicraft exporters will rely on lower pricing and extended credit to counter subdued demand,...
Indian handicraft exports may witness 6-8% decline to $3.3 billion in FY24: Crisil
Indian handicraft exports may witness 6-8% decline to $3.3 billion in FY24: Crisil
Source: Accord Fintech
27/06/2023 12:16:43 PM
Automotive component makers in India to register 10-12% revenue growthin FY24: Crisil Crisil Ratings has said that automotive components makers in India are set to register 10-12 per cent growth in revenue during the financial year 2023-24 (FY24). It attributed the growth to continued domestic growth -- buoyed by robust demand from automobile manufacturers and aftersales demand from services.  It stated this is despite exports continuing to remain sluggish. Further, it noted moderation in prices of key raw materials will support their operating margin to reach the pre-...
Automotive component makers in India to register 10-12% revenue growthin FY24: Crisil
Automotive component makers in India to register 10-12% revenue growthin FY24: Crisil
Source: Accord Fintech
23/06/2023 10:10:44 AM
Residential real estate developers across top cities in India expected to clock 8-10% sales growth in FY24: Crisil Crisil Ratings in its latest report has said residential real estate developers across top cities in India are expected to clock 8-10 per cent sales growth in current financial year (FY24) despite rise in interest rates and asset price. Buoyant residential demand across the mid, premium, and luxury segments had resulted in robust sales growth in the past two financial years. It stated leverage and credit profiles of real estate developers had strengthened too, and should sustain over the m...
Residential real estate developers across top cities in India expected to clock 8-10% sales growth in FY24: Crisil
Residential real estate developers across top cities in India expected to clock 8-10% sales growth in FY24: Crisil
Source: Accord Fintech
22/06/2023 10:13:15 AM
NBFC-MFI`s AUM likely to grow by up to 30% in FY24: Crisil Domestic rating agency Crisil in its latest report has said that Non-Bank Finance Companies-Microfinance Institutions’ (NBFC-MFI) Assets Under Management (AUM) are expected to grow by up to 30 per cent in the current financial year (FY24).  In a report, Crisil said the NBFC-MFI segment's AUM stood at Rs 1.3 lakh crore at the end of March 2023, and the segment has the highest share in the overall microlending universe which also consists of small finance banks, universal bank...
NBFC-MFI`s AUM likely to grow by up to 30% in FY24: Crisil
NBFC-MFI`s AUM likely to grow by up to 30% in FY24: Crisil
Source: Accord Fintech
2/06/2023 12:37:20 PM
Paint sector likely to register 10-12% revenue growth in FY24: Crisil Credit rating agency Crisil in its latest report has said that continuing healthy demand from construction, real estate and automobile sectors will help the paint sector register a 10-12 per cent revenue growth this fiscal (FY24) against an 18 per cent estimated rise in the just-concluded fiscal (FY23). Paint companies are likely to close FY23 with a robust 18 per cent revenue growth, primarily led by higher realisations on the back of a 6 per cent price hike during the year, along with the f...
Paint sector likely to register 10-12% revenue growth in FY24: Crisil
Paint sector likely to register 10-12% revenue growth in FY24: Crisil
Source: Accord Fintech
20/04/2023 11:53:17 AM
India`s power demand surges 7% in Q4FY23: Crisil Rating agency Crisil in its latest report has said that power demand in the country rose 7 per cent on an annual basis in the three months ended March (Q4). The growth in the March quarter was led by increased heating requirement in winter months and robust economic activity. It mentioned ‘Although the month (March) saw a decline in demand, the fourth quarter of fiscal 2023 witnessed a 7 per cent on-year growth as January and February had seen demand grow 13.7 per cent and 10 per cen...
India`s power demand surges 7% in Q4FY23: Crisil
India`s power demand surges 7% in Q4FY23: Crisil
Source: Accord Fintech
12/04/2023 10:24:00 AM
Banks` gross NPAs to reduce further to decadal low of 3.8% by end of FY24: Crisil Credit rating agency Crisil in its latest report said that banks' gross non-performing assets (NPAs) will reduce further to a decadal low of 3.8 per cent by end of FY2023-24. The agency estimates NPAs to reduce to 4.2 per cent by end of the just concluded FY23 as against 5.9 per cent in the year-ago period. It had earlier estimated NPAs to come at 4 per cent by end of FY24. Crisil said a major factor influencing the bank NPAs is the improvement in the high-value corporate loanbooks, wh...
Banks` gross NPAs to reduce further to decadal low of 3.8% by end of FY24: Crisil
Banks` gross NPAs to reduce further to decadal low of 3.8% by end of FY24: Crisil
Source: Accord Fintech
5/04/2023 11:22:01 AM
Domestic stainless steel demand likely to grow at CAGR of 9% till FY25: Crisil Credit rating agency Crisil in its latest report has said that the domestic stainless steel demand is expected to grow at a compound annual growth rate (CAGR) of 9 per cent till 2024-25 financial year. The domestic demand for stainless steel was at 4 million tonnes (MT) in fiscal 2021-2022. It noted that the demand will be driven by increasing adoption of stainless steel in railways which is a focus area for government infrastructure spending, and rising application in the automobile and cons...
Domestic stainless steel demand likely to grow at CAGR of 9% till FY25: Crisil
Domestic stainless steel demand likely to grow at CAGR of 9% till FY25: Crisil
Source: Accord Fintech
31/03/2023 11:23:59 AM
Cement companies to add 145-155 MT in fresh capacity at investment of Rs 1.2 lakh crore by FY27: Crisil Credit rating agency Crisil in its latest report has said that cement companies are expected to go on an expansion spree, and add 145-155 MT capacity between FY 2023 and 2027. That translates to a 4-5 per cent compound annual growth rate on a high base. A robust 6-7 per cent CAGR expected in demand over these five fiscals will encourage the growth in supply. The expected 145-155 MT of fresh capacity addition will entail a likely capex of Rs 1.2 lakh crore, with large producers accounting for ...
Cement companies to add 145-155 MT in fresh capacity at investment of Rs 1.2 lakh crore by FY27: Crisil
Cement companies to add 145-155 MT in fresh capacity at investment of Rs 1.2 lakh crore by FY27: Crisil
Source: Accord Fintech
20/03/2023 12:28:17 PM
IDFC MF introduces Crisil IBX Gilt April 2032 Index Fund IDFC Mutual Fund (MF) has launched IDFC Crisil IBX Gilt April 2032 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Crisil IBX Gilt Index - April 2032 with Relatively High interest rate risk and Relatively Low Credit Risk. The NFO opens for subscription on February 06, 2023 and closes on February 14, 2023. The Entry load and the Exit load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter. The p...
IDFC MF introduces Crisil IBX Gilt April 2032 Index Fund
IDFC MF introduces Crisil IBX Gilt April 2032 Index Fund
Source: IANS
6/02/2023 3:09:50 PM
Indiabulls Commercial Credit Limited`s NCD Tranche - Issue Opens Today, January 05, 2023 Coupon Rate Upto 10.30% p.a.# Effective Yield Up to 10.30% p.a.# * Public issue of secured redeemable non-convertible debentures (“NCDs”) of face value and issue price of ? 1,000 each * The Tranche I Issue includes a base issue size of ? 100 crores with an option to retain oversubscription up to ? 100 crores aggregating up to ? 200 crores; within a shelf limit of ? 1,000 crore  * NCDs proposed to be issued pursuant to the Tranche I Issue are rated as &l...
Indiabulls Commercial Credit Limited`s NCD Tranche - Issue Opens Today, January 05, 2023
Indiabulls Commercial Credit Limited`s NCD Tranche - Issue Opens Today, January 05, 2023
Source: PR Agency
5/01/2023 2:03:29 PM
Agrochemical players likely to witness 15-17% revenue growth in FY23: Crisil Crisil Ratings in its latest report has said that agrochemical players are likely to witness 15-17 per cent revenue growth in FY23, mainly driven by strong global and domestic demand. It said revenue is expected to grow by 10-12 per cent in the next financial year (FY24) as India continues to benefit from the China+1 strategy of global players and key molecules going off patent. According to the report, higher operating leverage, derived from better cost absorption, will help sustain ...
Agrochemical players likely to witness 15-17% revenue growth in FY23: Crisil
Agrochemical players likely to witness 15-17% revenue growth in FY23: Crisil
Source: Accord Fintech
27/12/2022 12:39:56 PM
Indian hotel industry likely to witness 23% growth in revenue in FY23 over the pre-Covid level: Crisil Crisil Ratings in its latest report has said that the Indian hotel industry is likely to witness 23 per cent growth in revenue this fiscal (FY23) over the pre-pandemic level, driven by a strong recovery in business travel and continued traction in leisure travel. Higher average room rates (ARRs) and occupancy will help the hotel industry log a strong improvement in profitability to around 34 per cent this fiscal compared to 24 per cent in the pre-pandemic period (fiscal 2020). According to...
Indian hotel industry likely to witness 23% growth in revenue in FY23 over the pre-Covid level: Crisil
Indian hotel industry likely to witness 23% growth in revenue in FY23 over the pre-Covid level: Crisil
Source: Accord Fintech
25/11/2022 12:21:59 PM
Rupee strengthens marginally against US dollar on Tuesday Indian rupee strengthened marginally against the US dollar on Tuesday, tracking firm domestic equities and as the American currency retreated from its strong overnight gains. Meanwhile, fears of a return to stricter covid restriction measures in China and foreign fund outflows weighed down rupee sentiments and restricted gains. Report showed that rating agencies Crisil and Icra revised down their India growth projections for the current fiscal and the second quarter also adding pressure on In...
Rupee strengthens marginally against US dollar on Tuesday
Rupee strengthens marginally against US dollar on Tuesday
Source: Accord Fintech
22/11/2022 12:43:53 PM
Crisil revises down India growth projections for current fiscal With the ripple effect of slowdown in global growth and mixed crop output, rating agency Crisil has revised down India growth projections for the current fiscal. The agency has downgraded the India growth forecast by 30 bps to 7 per cent for fiscal 2023 from 7.3 per cent primarily because of the slowdown in global growth that has started to impact our exports and industrial activity. It added that this will test the resilience of domestic demand. Crisil chief economist Dharmakirti Joshi sa...
Crisil revises down India growth projections for current fiscal
Crisil revises down India growth projections for current fiscal
Source: Accord Fintech
22/11/2022 11:15:46 AM
Rise in Indian corporate lending signals new investment cycle Indian lenders are expanding lending to local corporations at the fastest pace in more than eight years, a sign of a new private investment cycle starting in the world's fifth-largest economy even as growth in large developed economies and China slows. That international slowdown will limit the strength of the new Indian cycle, economists say. Private investment in India was constrained for years by heavy indebtedness of companies and banks and by weak demand. But over the past two ...
Rise in Indian corporate lending signals new investment cycle
Rise in Indian corporate lending signals new investment cycle
Source: Reuters
21/11/2022 8:49:31 AM
SBI MF introduces FMP - Series 72- 1239 D SBI Mutual Fund (MF) has launched SBI Fixed Maturity Plan (FMP)-Series 72 (1239 Days), a close ended debt scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on November 17, 2022 and closes on November 21, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked to the performance of CRISIL M...
SBI MF introduces FMP - Series 72- 1239 D
SBI MF introduces FMP - Series 72- 1239 D
Source: IANS
17/11/2022 3:32:33 PM
Lenders expected to see credit growing at 15% this fiscal and the next: Crisil Crisil in its latest report has said that riding on a broad-based economic recovery and stronger, cleaner balance sheets, lenders are expected to see their credit growing at 15 per cent this fiscal and the next. It expects credit growth this year to be driven more by retail and MSME segments, while corporate credit could be the larger contributor next fiscal. Credit growth so far this fiscal has printed in at around 18 per cent, which is a decadal high. Already, large lenders have seen corpor...
Lenders expected to see credit growing at 15% this fiscal and the next: Crisil
Lenders expected to see credit growing at 15% this fiscal and the next: Crisil
Source: Accord Fintech
16/11/2022 12:42:51 PM
Securitisation volumes jump 48% to over Rs 75,000 crore in H1FY23: Crisil A domestic rating agency Crisil Ratings in its latest report has said that securitisation volumes have jumped 48 per cent to over Rs 75,000 crore for the first half of the fiscal (H1FY23). It can be noted that securitisation activity, wherein a lender transfers its future receivables on a loan to other financier against a cut, had suffered a lot during FY22 because of the devastating second wave of the coronavirus pandemic which made loan recollections difficult. According to the report, t...
Securitisation volumes jump 48% to over Rs 75,000 crore in H1FY23: Crisil
Securitisation volumes jump 48% to over Rs 75,000 crore in H1FY23: Crisil
Source: Accord Fintech
19/10/2022 11:29:31 AM
Invesco MF introduces India FMP- Series 35 - Plan C Invesco Mutual Fund (MF) has launched Invesco India Fixed Maturity Plan - Series 35 - Plan C, a Close-Ended Debt Scheme with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on October 12, 2022 and closes on October 18, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 1,000 per application and in multiples of Rs 10 thereafter. The performance of the scheme will be benchmarked to the performance ...
Invesco MF introduces India FMP- Series 35 - Plan C
Invesco MF introduces India FMP- Series 35 - Plan C
Source: Accord Fintech
12/10/2022 10:58:12 AM
India inflation likely hit five month high in September on food prices  India's retail inflation accelerated to a five month high of 7.30% in September due to surging food prices, staying well above the Reserve Bank of India's (RBI) upper tolerance band for a ninth month, a Reuters poll found. Fueled by erratic rainfall and supply shocks from Russia's invasion of Ukraine, prices of daily consumables like cereals and vegetables which form the largest category in the inflation basket have climbed over the past two years. Already reeling from...
India inflation likely hit five month high in September on food prices
India inflation likely hit five month high in September on food prices
Source: Reuters
12/10/2022 9:09:18 AM
NBFCs asset growth to jump to four-year high of 11-12% in FY23: Crisil Ratings agency Crisil in its latest report has said that non-bank finance companies’ (NBFCs) asset growth will jump to a four-year high of 11-12 per cent this fiscal (FY23). It noted that the NBFCs segment has witnessed three consecutive years of constrained asset growth due to the COVID-19 pandemic, with the growth coming at 5 per cent in FY22. It said intense competition from banks and the rising interest rate scenario will limit the competitiveness of NBFCs in certain segments, leadi...
NBFCs asset growth to jump to four-year high of 11-12% in FY23: Crisil
NBFCs asset growth to jump to four-year high of 11-12% in FY23: Crisil
Source: Accord Fintech
13/09/2022 12:44:31 PM
Steel-makers margins to nearly double in H2FY23 from H1FY23 levels: Crisil Crisil in its latest report has said that steel-makers are in for better times from the second half of the current fiscal (H2FY23) as lower input cost and robust domestic demand will ease their margin pressure and lift operating margins to over 25 per cent. It stated the industry was hit by high input costs in the first quarter and is still under pressure in the ongoing second quarter. It stated as a result, their operating margins of primary steelmakers are likely to fall to 14-16 per cen...
Steel-makers margins to nearly double in H2FY23 from H1FY23 levels: Crisil
Steel-makers margins to nearly double in H2FY23 from H1FY23 levels: Crisil
Source: Accord Fintech
9/09/2022 11:13:58 AM
Consumer durables sector likely to witness double-digit volume growth in FY23: Crisil The ratings agency Crisil in its latest report has said that despite increasing margin pressure, the consumer durables sector is likely to witness a double-digit volume growth, pushing its revenue up by 15-18 percent to Rs 1 lakh crore this fiscal (FY23).  It also said a 10-13 percent spike in demand/volume, which will be driven by both urban and rural segments -- led mostly by the AC and refrigerator segments, though rural demand will come into play in the second half of the fiscal.&nbs...
Consumer durables sector likely to witness double-digit volume growth in FY23: Crisil
Consumer durables sector likely to witness double-digit volume growth in FY23: Crisil
Source: Accord Fintech
8/09/2022 10:54:36 AM
Receivables of leading renewable energy companies to shrink 20% in FY23: Crisil Crisil Ratings in its latest report has said that receivables of leading renewable energy (RE) companies will shrink 20 per cent during this financial year (FY23). It said leading RE companies are set to see their receivables reduce a fifth from 180 days a year ago to 140 days as of March 2023, a level last visible pre-COVID. It also noted that two-thirds of the improvement will be because of increasing central counter-party offtake, and the rest due to state discoms implementing the late pay...
Receivables of leading renewable energy companies to shrink 20% in FY23: Crisil
Receivables of leading renewable energy companies to shrink 20% in FY23: Crisil
Source: Accord Fintech
7/09/2022 11:22:02 AM
SBI MF introduces FMP-Series 65- 367 D SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)- Series 65 (367 Days), a close ended debt scheme with a relatively low interest rate risk and relatively high credit risk. The NFO opens for subscription on September 01, 2022 and closes on September 05, 2022. The Entry load and the Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked against Crisil Sho...
SBI MF introduces FMP-Series 65- 367 D
SBI MF introduces FMP-Series 65- 367 D
Source: Accord Fintech
1/09/2022 3:20:42 PM
Aditya Birla Sun Life Mutual Fund files offers document for CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Aditya Birla Sun Life Mutual Fund has filed offer document with SEBI to launch an open-ended target maturity index fund named ‘CRISIL IBX 50:50 Gilt Plus SDL Apr 2028’. The New Fund Offer price will be Rs 10. Entry load and Exit load will be nil. This Scheme provides growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.   The performance of the scheme will be benchmarked by CRISIL IBX 50:50 Gilt Plus SDL Index-April 2028...
Aditya Birla Sun Life Mutual Fund files offers document for CRISIL IBX 50:50 Gilt Plus SDL Apr 2028
Aditya Birla Sun Life Mutual Fund files offers document for CRISIL IBX 50:50 Gilt Plus SDL Apr 2028
Source: Accord Fintech
1/09/2022 3:15:26 PM
Polyester yarn makers growth spree to continue this fiscal Healthy demand from end user industries, and increased blending with cotton yarn due to decadal high prices of cotton, will drive revenue growth of 18-20% this fiscal for polyester yarn manufacturing sector To add icing on the cake, operating profitability1 of polyester yarn segment is also expected to increase by 100 basis points to ~11% this fiscal, driven by continued high-capacity utilisation (over 90%) due to demand growth and healthy polyester yarn spread (difference between prices o...
Polyester yarn makers growth spree to continue this fiscal
Polyester yarn makers growth spree to continue this fiscal
Source: PR Agency
25/08/2022 4:07:09 PM
CRISIL downgrades Andhra Pradesh Capital Region's Rs 2,000 cr bonds The ratings agency CRISIL has downgraded the Andhra Pradesh Capital Region Development Authority's (APCRDA) bonds worth Rs 2,000 crore, to 'CRISIL A-(CE)' from 'CRISIL A+(CE)', and placed the ratings on 'Ratings Watch with Negative Implications'. This is because of non-adherance to the T-structure by the region due to failure to maintain funds amounting to next two quarters of debt servicing obligations in the debt service reserve account. "The rating ac...
CRISIL downgrades Andhra Pradesh Capital Region's Rs 2,000 cr bonds
CRISIL downgrades Andhra Pradesh Capital Region's Rs 2,000 cr bonds
Source: IANS
20/08/2022 2:46:14 PM
Auto component industry likely to see 9-11% of revenue from EV parts by 2027: Crisil Crisil in its latest report has said that auto component industry is expected to see 9-11 per cent of its revenue coming from EV (Electric Vehicle) parts by 2027 amid increasing electrification. It said this growth will come even as the supply of parts for the conventional internal combustion engine-driven vehicles will also grow during the period. It noted that EV components' share in the sector's overall revenue during last fiscal stood at a meagre 1 per cent. According to the re...
Auto component industry likely to see 9-11% of revenue from EV parts by 2027: Crisil
Auto component industry likely to see 9-11% of revenue from EV parts by 2027: Crisil
Source: Accord Fintech
27/07/2022 10:58:19 AM
Crisil Q2 net profit down 0.97% at Rs 92.70 cr The company reported standalone net profit of Rs 92.70 crore for the quarter ended June 30, 2022 as compared to Rs 93.61 crore in the same period last year, registering a year-on-year decline of 0.97 per cent. Net revenue of the company rose substantially by 30.61 per cent at Rs 329.58 crore in April-June quarter of this fiscal as against Rs 252.34 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 43.69 per cent to Rs 277.59 crore from Rs ...
Crisil Q2 net profit down 0.97% at Rs 92.70 cr
Crisil Q2 net profit down 0.97% at Rs 92.70 cr
Source: Dion Global Solutions Ltd
22/07/2022 10:19:17 AM
India Inc staring at third consecutive quarter of Y-o-Y drop in profit margins for Q1: Crisil Research Crisil Ratings’ arm -- Crisil Research has said that India Inc is staring at the third consecutive quarter of a year-on-year (Y-o-Y) drop in profit margins for the April-June (Q1) 2022 period. After analysing 300 companies excluding those from financial services and oil and gas sectors, it said operating profit margins have likely fallen by 2-3 percentage points for the June quarter as compared to the year-ago period. It added that almost half of the 47 sectors it tracks are likely to s...
India Inc staring at third consecutive quarter of Y-o-Y drop in profit margins for Q1: Crisil Research
India Inc staring at third consecutive quarter of Y-o-Y drop in profit margins for Q1: Crisil Research
Source: Accord Fintech
12/07/2022 9:36:16 AM
Corporate profitability to decline for 3rd consecutive quarter Corporate profitability -- or the earnings before interest, taxes, depreciation and amortisation (Ebitda) margin -- likely remained steady in the first quarter sequentially, but fell 200-300 basis points (bps) on-year, CRISIL's analysis of over 300 companies (excluding those in the financial services, and oil and gas sectors) indicates. That would mark the third consecutive quarter of on-year decline. Ebitda margins of almost half of the 47 sectors tracked by CRISIL Research are est...
Corporate profitability to decline for 3rd consecutive quarter
Corporate profitability to decline for 3rd consecutive quarter
Source: IANS
11/07/2022 4:54:31 PM
IT services sector to see sharp fall in revenue growth to 12-13% in FY23: Crisil Ratings agency Crisil in its latest report has said that the information technology (IT) services sector will see a sharp fall in revenue growth to 12-13 per cent in FY23 from 19 per cent in FY22. However, the current depreciation in the rupee, strong demand for new age technologies like artificial intelligence, cloud computing and Internet of Things will help the over $220-billion sector maintain a double digit growth. The report stated that the moderation from 19 per cent to 12-13 per ce...
IT services sector to see sharp fall in revenue growth to 12-13% in FY23: Crisil
IT services sector to see sharp fall in revenue growth to 12-13% in FY23: Crisil
Source: Accord Fintech
8/07/2022 11:13:33 AM
Crisil warns of more companies defaulting on their debt obligations Rating agency Crisil has warned of more companies defaulting on their debt obligations as it expects the withdrawal of pandemic-induced relief measures coupled with volatile input prices creating cost pressures for entities, especially those rated in the sub-investment-grade category. The annual default rate has nearly halved to 2.2 per cent in FY22, marginally higher than 2 per cent in FY21, for the straight two fiscal years on the back of a K-shaped recovery evident in the default rates. Th...
Crisil warns of more companies defaulting on their debt obligations
Crisil warns of more companies defaulting on their debt obligations
Source: Accord Fintech
6/07/2022 11:02:03 AM
NBFC-MFIs likely to see revival in their profitability in FY23: Crisil Ratings Crisil Ratings in its latest report has said that non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) are likely to see revival in their profitability in the current fiscal (FY23), helped by the flexibility to set lending rates under the new regulatory framework for MFIs and lower credit cost. It said the present rising interest rate scenario is unlikely to impact the profitability of NBFC-MFIs as higher borrowing costs would be offset by steeper lending rates, cushioning net ...
NBFC-MFIs likely to see revival in their profitability in FY23: Crisil Ratings
NBFC-MFIs likely to see revival in their profitability in FY23: Crisil Ratings
Source: Accord Fintech
5/07/2022 12:32:12 PM
Crisil cuts FY23 GDP growth estimate to 7.3% Domestic rating agency Crisil on Friday lowered its real GDP growth forecast for India to 7.3 percent in FY23 from 7.8 percent estimated earlier. It attributed the downward revision to higher oil prices, slowing of export demand, and high inflation. This is in line with the RBI's estimate of 7.2 real GDP growth for this fiscal year. Crisil said there is a slew of negatives like high commodity prices, elevated freight prices, drag on exports as global growth projections get lowered, and th...
Crisil cuts FY23 GDP growth estimate to 7.3%
Crisil cuts FY23 GDP growth estimate to 7.3%
Source: Dion Global Solutions Ltd
1/07/2022 4:36:09 PM
Lower export demand, sharp increase in raw material to hit profitability of home textile exporters in FY23: Crisil Crisil Ratings in its latest report has said that lower export demand and a sharp increase in raw material and transportation costs are likely to hit the operating margins of home textile exporters by 150-200 bps or around 13 per cent in this financial year (FY23).  It said the rupee's depreciation against the dollar and sustenance of the China+1 policy by global buyers will cushion the hit on profitability to some extent.  According to the report, the second half of this fis...
Lower export demand, sharp increase in raw material to hit profitability of home textile exporters in FY23: Crisil
Lower export demand, sharp increase in raw material to hit profitability of home textile exporters in FY23: Crisil
Source: Accord Fintech
29/06/2022 12:47:09 PM
Government's scheme to liquidate overdue to help release Rs 9,000 crore dues owed by Discoms to RE Gencos: Crisil Crisil Ratings in its latest report has said that the government's scheme to liquidate overdue can help release Rs 9,000 crore dues owed by the distribution companies (discoms) to renewable energy (RE) generation companies (Gencos) over the next two fiscal. It said the payment stretch has been one of the key risks for the RE sector. In March 2022, the leading RE Gencos had receivables of about six months.  According to the report, receivables period for leading RE Gencos can be re...
Government's scheme to liquidate overdue to help release Rs 9,000 crore dues owed by Discoms to RE Gencos: Crisil
Government's scheme to liquidate overdue to help release Rs 9,000 crore dues owed by Discoms to RE Gencos: Crisil
Source: Accord Fintech
24/06/2022 12:50:08 PM
Monthly instalment scheme can help discoms save quarter of their additional payouts to gencos: Crisil Crisil Ratings in its latest report has said that new equated monthly instalment scheme introduced by power ministry can help electricity distribution companies (discoms) save a quarter of their additional payouts and clear around Rs 20,000 crore payments to generation firms (gencos) this fiscal (FY23). It noted that under this scheme, overdues, including past Late Payment Surcharge (LPS) as on the cut-off date of June 3, 2022, will be converted into Equated Monthly Instalments (EMIs) that di...
Monthly instalment scheme can help discoms save quarter of their additional payouts to gencos: Crisil
Monthly instalment scheme can help discoms save quarter of their additional payouts to gencos: Crisil
Source: Accord Fintech
22/06/2022 11:04:46 AM