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Over 90 pc HAM road projects in India on steady path: Crisil Road projects under the hybrid annuity model (HAM) in India, awarded by the Ministry of Road Transport and Highways (MoRTH), are on a steady drive, with more than 90 per cent of the project length under development being constructed on schedule, according to a report on Wednesday.   Such timely execution and comfortable debt protection metrics will support the credit risk profiles of these projects, according to a Crisil Ratings analysis. Over the past five fiscal years, excluding ...
Over 90 pc HAM road projects in India on steady path: Crisil
Over 90 pc HAM road projects in India on steady path: Crisil
Source: IANS
2024-12-18 04:01:48 pm
India`s trend GDP growth to move closer to 6.5-7 pc in FY25: Crisil The main macro drivers remain healthy and India's GDP growth is likely to move closer to the trend growth of 6.5-7 per cent this fiscal, a Crisil Insight report said on Monday.   Trend GDP growth is the average sustainable rate of economic growth over time. Private consumption growth in the country has fared better than last year in the first half of the current fiscal (FY25). "While investment growth has moderated relative to last year, its share of GDP remains higher ...
India`s trend GDP growth to move closer to 6.5-7 pc in FY25: Crisil
India`s trend GDP growth to move closer to 6.5-7 pc in FY25: Crisil
Source: IANS
2024-12-16 03:00:51 pm
Agrochemicals sector`s revenue likely to grow at 7-9% in FY26: Crisil Crisil Ratings in its latest report has said that the agrochemicals sector's revenue is expected to grow at 7-9 per cent in FY26, following stable domestic demand and recovery in export volumes. However, it said historically low realisations will continue to hinder a return to double-digit growth seen before the Covid-19 pandemic. Operating margins are also seen to be recovering slowly, rising 100 basis points to 12-13 per cent, still below the pre-pandemic levels of 15-16 per cent, which...
Agrochemicals sector`s revenue likely to grow at 7-9% in FY26: Crisil
Agrochemicals sector`s revenue likely to grow at 7-9% in FY26: Crisil
Source: Accord Fintech
2024-12-16 12:52:14 pm
CRISIL zooms on getting nod to acquire 4.08% stake in Online PSB Loans CRISIL is currently trading at Rs. 5744.00, up by 218.40 points or 3.95% from its previous closing of Rs. 5525.60 on the BSE. The scrip opened at Rs. 5550.00 and has touched a high and low of Rs. 5782.25 and Rs. 5525.60 respectively. So far 4767 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5782.25 on 13-Dec-2024 and a 52 week low of Rs. 3665.10 on 25-Jan-2024. Last one week high and low of the scrip stood at ...
CRISIL zooms on getting nod to acquire 4.08% stake in Online PSB Loans
CRISIL zooms on getting nod to acquire 4.08% stake in Online PSB Loans
Source: Accord Fintech
2024-12-13 12:39:12 pm
Airport capex in India to cross Rs 60,000 cr in fiscals 2025-2027 to handle growing traffic: Crisil  Indian airports are projected to incur a cumulative capital expenditure (capex) of over Rs 60,000 crore in the three years through fiscal 2027 to add requisite infrastructure for 65 million passengers per annum, a report showed on Thursday.  This is 12 per cent increase compared to Rs 53,000 crore during fiscals 2022-2024, according to Crisil Ratings. In addition to expected growth in passenger traffic, increase in tariffs and spending within the airport ecosystem will lift r...
Airport capex in India to cross Rs 60,000 cr in fiscals 2025-2027 to handle growing traffic: Crisil
Airport capex in India to cross Rs 60,000 cr in fiscals 2025-2027 to handle growing traffic: Crisil
Source: IANS
2024-12-12 02:16:05 pm
Indian hosiery makers to clock 10-12 pc revenue growth in FY25 The revenue of Indian hosiery makers is projected to increase 10-12 per cent (year-on-year) this fiscal following a revival in rural demand, volume support from the export market and robust modern trade sales, a report showed on Thursday.   The industry’s operating margin is expected to improve 150-200 basis points (bps) this fiscal, owing to softer input prices and improved capacity utilisation, aided by higher volume growth, according to a CRISIL Ratings analysis of 30 hosiery...
Indian hosiery makers to clock 10-12 pc revenue growth in FY25
Indian hosiery makers to clock 10-12 pc revenue growth in FY25
Source: IANS
2024-12-05 03:30:44 pm
CRISIL reaffirms strong credit ratings for Adani Group firms  CRISIL Ratings has reaffirmed its strong credit ratings for Adani Group companies in its latest report released on Friday.  “Adani Group has sufficient liquidity and operational cash flows to meet its debt obligations and committed capex plans over the medium term,” the CRISIL report states. Despite recent legal developments, including a US indictment followed by materially false and misleading coverage, the agency has maintained a positive outlook on the group&rs...
CRISIL reaffirms strong credit ratings for Adani Group firms
CRISIL reaffirms strong credit ratings for Adani Group firms
Source: IANS
2024-11-29 03:49:39 pm
Decline in steel prices to impact operating profitability of domestic primary steel producers: Crisil Ratings Crisil Ratings has said that the drop in the prices of steel will impact the operating profitability of primary steel producers in the domestic market. Early-stage steel produced from iron ore is referred as primary steel. It stated despite an increase in sales volume and lower cost pressures, mainly due to reduced coking coal prices, the operating profit margin will remain at 15-16 percent in the current financial year.  Crisil Ratings Director Ankit Hakhu said ‘Lower realisati...
Decline in steel prices to impact operating profitability of domestic primary steel producers: Crisil Ratings
Decline in steel prices to impact operating profitability of domestic primary steel producers: Crisil Ratings
Source: IANS
2024-11-29 10:40:01 am
OMCs likely to see drop in operating profit to $12-14 per barrel in FY25 from $20 per barrel in FY24: Crisil Crisil Ratings in its latest report has said that Oil marketing companies (OMCs) are expected to see a drop in operating profit to $12-14 per barrel in fiscal 2025 from $20 per barrel last fiscal. The decline is primarily due to discounts on Russian crude oil, a softening of diesel spreads, and inventory losses. The report noted that stable retail fuel prices amid volatile oil prices will help support overall returns for the industry. Despite the decrease, the operating profit will still b...
OMCs likely to see drop in operating profit to $12-14 per barrel in FY25 from $20 per barrel in FY24: Crisil
OMCs likely to see drop in operating profit to $12-14 per barrel in FY25 from $20 per barrel in FY24: Crisil
Source: Accord Fintech
2024-10-28 12:09:26 pm
India`s renewable energy to grow at twice pace than overall energy growth by 2030: CRISIL CRISIL in its latest report has said that India’s renewable energy capacity is likely to grow at twice the rate of the country’s overall energy capacity growth. The report noted that by fiscal 2030, India’s renewable energy (RE) capacity, excluding large hydro projects, is projected to reach 360-370 GW, growing at a compound annual growth rate (CAGR) of 16.5 per cent-17 per cent. This growth will be driven by favourable government policies, competitive tariffs, and the devel...
India`s renewable energy to grow at twice pace than overall energy growth by 2030: CRISIL
India`s renewable energy to grow at twice pace than overall energy growth by 2030: CRISIL
Source: Accord Fintech
2024-10-17 10:12:56 am
Wagon makers on track to achieve 20% growth in revenue in FY25: Crisil Crisil Ratings in its latest report has said that wagon makers are on track to achieve 20% growth in revenue this fiscal (FY25), riding on healthy order book. Additionally, improved scale of operations will propel operating margin around 100 basis points (bps) leading to higher cash accrual. That, along with modest capital expenditure (capex) plans, will keep the credit profiles of these companies stable. A CRISIL Ratings study of wagon manufacturers accounting for 65% of the industry capacit...
Wagon makers on track to achieve 20% growth in revenue in FY25: Crisil
Wagon makers on track to achieve 20% growth in revenue in FY25: Crisil
Source: Accord Fintech
2024-09-23 11:33:40 am
Credit profiles of flexible packaging players will continue to remain subdued this fiscal: Crisil Crisil ratings in its latest report has said that credit profiles of flexible packaging players will continue to remain subdued this fiscal on elevated debt levels, which had burgeoned, over the past three fiscals due to sizeable capacity expansions. However, steady domestic demand (accounting for around 75% of sectoral volumes) and negligible capacity additions will partially offset the demand-supply imbalance this fiscal. Consequently, capacity utilization levels shall improve by 400-450 ba...
Credit profiles of flexible packaging players will continue to remain subdued this fiscal: Crisil
Credit profiles of flexible packaging players will continue to remain subdued this fiscal: Crisil
Source: Accord Fintech
2024-09-17 11:39:11 am
Kotak Mahindra MF introduces CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund Kotak Mahindra Mutual Fund has launched Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund, an open-ended Sectoral Target Maturity Debt Index Fund investing in constituents of CRISIL-IBX AAA Financial Services Index - Sep 2027 with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on August 30, 2024 and closes on September 11, 2024. No Entry Load shall be charged for the scheme. The exit load will be 0.25% of applicable NAV- For redempt...
Kotak Mahindra MF introduces CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
Kotak Mahindra MF introduces CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
Source: Accord Fintech
2024-08-30 02:42:09 pm
Indian cement industry lines up capex of around Rs 1.25 lakh crore for FY25 to FY27: CRISIL Rating agency CRISIL in its latest report has said that the Indian cement industry has lined up a capital expenditure (capex) of around Rs 1.25 lakh crore for FY25 to FY27 to meet the growing demand. During this period, the industry is expected to add 130 million tonne of cement grinding capacity, which is a fifth of the existing capacity. It said the investment will be driven by healthy demand outlook and the quest for market share, and the low capex intensity and strong balance sheets will ...
Indian cement industry lines up capex of around Rs 1.25 lakh crore for FY25 to FY27: CRISIL
Indian cement industry lines up capex of around Rs 1.25 lakh crore for FY25 to FY27: CRISIL
Source: Accord Fintech
2024-08-23 11:31:18 am
RE capacity addition to pull down share of thermal plants in power generation by FY26: CRISIL CRISIL Ratings in its latest report has said that strong addition of renewable energy (RE) capacities will pull down the share of coal-based (thermal) plants in power generation by over 500 basis points (bps) to around 67% by next fiscal (FY26) after rising continuously in the past five through fiscal 2024. It said yet the plant load factor (PLF) of thermal plants will remain healthy because of limited capacity addition. According to the report, healthy PLFs and moderating cost pressures d...
RE capacity addition to pull down share of thermal plants in power generation by FY26: CRISIL
RE capacity addition to pull down share of thermal plants in power generation by FY26: CRISIL
Source: Accord Fintech
2024-08-13 12:40:50 pm
Domestic travel operators to see 15-17% revenue growth in FY25: CRISIL CRISIL Ratings has said that rising domestic tourism and increasing propensity to travel overseas will expand the revenue of India's tour and travel operators by 15-17 per cent this fiscal (FY25). Factors like improving infrastructure, rising disposable incomes, a behavioural shift in travel patterns, and the government's increasing focus on boosting domestic tourism will further support the sector's revenue growth. It said the assessment was based on an analysis of the country...
Domestic travel operators to see 15-17% revenue growth in FY25: CRISIL
Domestic travel operators to see 15-17% revenue growth in FY25: CRISIL
Source: Accord Fintech
2024-08-02 11:37:54 am
FMCG sector likely see 7-9% revenue growth in FY25: CRISIL CRISIL Ratings in its latest report has said that the fast-moving consumer goods (FMCG) sector is expected to see a revenue growth of 7 to 9 per cent this fiscal, helped by higher sales volume and a revival of rural markets. It said volume growth from urban consumers will also remain steady at 7 to 8 per cent supported by rising disposable incomes and continued focus on premium offerings by the industry players, especially in the personal care and home care segments. Moreover, it stated th...
FMCG sector likely see 7-9% revenue growth in FY25: CRISIL
FMCG sector likely see 7-9% revenue growth in FY25: CRISIL
Source: Accord Fintech
2024-07-05 10:58:50 am
Union Budget: Real estate sector calls for renewed push towards affordable housing in metros Riding on supportive policy interventions and rising disposable incomes, India’s real estate sector is growing and needs a renewed push for affordable housing, especially in and around metro cities, from the Union Budget 2024-25, industry experts said on Thursday.  Expectations are high for tax reliefs and other sentiment boosters as the future of the overall industry also depends on unfettered infrastructure deployment to support and improve urban living standards as well as to...
Union Budget: Real estate sector calls for renewed push towards affordable housing in metros
Union Budget: Real estate sector calls for renewed push towards affordable housing in metros
Source: IANS
2024-06-20 04:57:25 pm
Renewables, roads, realty sectors to see 38 pc growth to reach Rs 15 lakh crore in 2 years Riding on supportive policy interventions, investment in India’s key infrastructure sectors — renewable energy and roads – and real estate are likely to grow 38 per cent in the fiscals 2025 and 2026, compared with the previous two fiscals, to Rs 15 lakh crore, a report showed on Tuesday.  The surge, according to CRISIL Ratings, will ride on India’s need for creation of sustainable infrastructure by adding more green power to the energy mix, improving physical c...
Renewables, roads, realty sectors to see 38 pc growth to reach Rs 15 lakh crore in 2 years
Renewables, roads, realty sectors to see 38 pc growth to reach Rs 15 lakh crore in 2 years
Source: IANS
2024-06-18 02:03:47 pm
Buy CRISIL Ltd For Target Rs.4,500 - Yes Securities Soft growth in GR&RS and GAC; overall margins were lower too CRISIL delivered a significant miss on our Revenue/EBITDA/PAT expectations owing to revenue decline in GR&RS, flattish-to-marginal revenue growth in GAC and growth deceleration in Domestic Ratings. Consolidated revenue growth at 3.2% yoy was materially lower than our estimate of 10% yoy, and consolidated EBITDA margin at 26% was significantly below our estimate of 29% (qoq/yoy margin performance was weak even adjusted for...
Buy CRISIL Ltd For Target Rs.4,500 - Yes Securities
Buy CRISIL Ltd For Target Rs.4,500 - Yes Securities
Source: Yes Securities Ltd.
2024-06-08 12:15:28 pm
Indian domestic airline industry to log over 20% operating profit in FY25: CRISIL Ratings Following a near tripling of operating profit in FY24, the domestic airline industry will see its operating profit to touch over 20% next fiscal, said credit rating agency CRISIL Ratings Ltd. “The domestic airline industry will see operating profit rise more than 20% next fiscal, after a near-tripling this fiscal, fuelled by a strong recovery in passenger traffic, ability to pass on volatile fuel prices to flyers, and reduced fluctuation in foreign exchange rates,” CRISIL Ratin...
Indian domestic airline industry to log over 20% operating profit in FY25: CRISIL Ratings
Indian domestic airline industry to log over 20% operating profit in FY25: CRISIL Ratings
Source: IANS
2024-02-13 01:46:14 pm
Cement industry stocks rise after Crisil says industry to add capacity by 150-160 MT from FY25 to FY28 Cement industry stocks surged on the BSE after Crisil Ratings in its latest report stated that the cement industry is on course to add capacity by 150-160 million tonnes from FY25 to FY28 as it aims to meet rising demand from the infrastructure and housing sectors. In the past five fiscals, the industry has added capacity by 119 million tonnes (MT) per annum to reach a total of 595 MT now. The Ramco Cements is currently trading at Rs. 959.35, up by 18.30 points or 1.94% from its previous c...
Cement industry stocks rise after Crisil says industry to add capacity by 150-160 MT from FY25 to FY28
Cement industry stocks rise after Crisil says industry to add capacity by 150-160 MT from FY25 to FY28
Source: Accord Fintech
2024-01-24 02:47:02 pm
CRISIL upgrades IIFL Finance`s outlook to `Positive` from `Stable` Fairfax-backed IIFL Finance Limited, which is one of India’s largest non-banking financial companies, said on Tuesday that leading rating agency CRISIL has upward revised its outlook to ‘Positive’ from ‘Stable’. The agency has also reaffirmed the long-term rating at ‘CRISIL AA’ and short-term rating at ‘CRISIL A1+’. In the rating rationale, CRISIL Ratings said, “The outlook revision reflects the strengthening market position of...
CRISIL upgrades IIFL Finance`s outlook to `Positive` from `Stable`
CRISIL upgrades IIFL Finance`s outlook to `Positive` from `Stable`
Source: IANS
2023-11-21 06:06:17 pm
Vivriti Capital receives A+/Stable rating from CRISIL Vivriti Capital Ltd (VCL), which offers innovative lending solutions to mid-market enterprises in the country, has received CRISIL A+/Stable rating to its bank facilities, non-convertible debentures (NCDs) and CRISIL A1+ rating for its commercial paper from CRISIL Ratings. The current rating by CRISIL is for ongoing/future issuances (long-term loan, CPs, NCDs) of VCL. The ratings assigned signify the creditworthiness of Vivriti Capital and its financial instruments. T...
Vivriti Capital receives A+/Stable rating from CRISIL
Vivriti Capital receives A+/Stable rating from CRISIL
Source: PR Agency
2023-11-16 05:33:56 pm