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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

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

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

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

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

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

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

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

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

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

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

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

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

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

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`

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

Source: PR Agency
2023-11-16 05:33:56 pm