New Delhi, April 17 The operating margins of sugar companies are likely to moderate in FY22 due to higher production cost and reduced export subsidy, ratings agency ICRA said in a statement. Besides, benefits from improved distillery performance was also
New Delhi, April 15 Domestic retail-assets under management (AUM) are facing asset quality headwinds which will moderate growth in FY21, ratings agency ICRA said. These headwinds are also likely to affect NBFCs performance in FY22, following resurgence of the Covid-19
New Delhi, April 10 India’s toll roads are likely to witness a 14-15 per cent growth in collections in FY22, ratings agency ICRA said in a report. Accordingly, this growth will be achieved on a low base following an estimated
New Delhi, April 3 Low natural gas prices have adversely impacted upstream producers’ revenues, profitability and cash accruals, ratings agency ICRA said. Accordingly, domestic gas price notified at $1.79 per mmbtu (GCV basis) for the period H1 FY2022 remains the
New Delhi, March 31 India’s passenger vehicle industry is expected to post a growth of 22 to 25 per cent in FY22, ratings agency ICRA said on Tuesday. The growth is expected to be achieved after a 2-4 per cent
New Delhi, Feb 26 Moody’s Investors Service has affirmed a stable outlook for non-financial corporates in India on the back of easing pandemic restrictions, the government stimulus aimed at boosting consumption and investment, and a benign funding environment. Besides, its
New Delhi, Feb 24 India’s economic recovery has entered into a consolidation phase in January 2021, ratings agency ICRA said on Tuesday. The agency said after the broad-based improvement seen in December 2020, the year-on-year (YoY) performance of a majority
New Delhi, Feb 16 India’s GDP is expected to record a year-on-year rise of 0.7 per cent in Q3FY21, thereby ending the recession created by the nationwide lockdown imposed last year to curb the spread of Covid-19, rating agaency ICRA
New Delhi, Jan 19 Even as the healthcare sector witnessed squeezing of revenues due to the Covid-19 pandemic, its long-term outlook remains stable on the back of swift rebound in occupancy as well as structural factors, ICRA said on Monday.
Mumbai, Jan 9 The domestic demand for petroleum products is expected to increase at a healthy rate of 8 to 10 per cent in FY22 on a year-on-year basis, ratings agency ICRA said in a report. Accordingly, the report said
New Delhi, Jan 7 AUM growth of non-banking companies, including NBFCs and HFCs, are expected to revive in FY22 to about 7-9 per cent vis-a-vis a flattish performance in the current fiscal, ICRA Ratings said on Wednesday. The segment’s AUM
New Delhi, Dec 26 The Centre’s new directive for industrial units in Delhi to switch over to PNG (piped natural gas) owing to the high levels of pollution is a positive development for city gas distribution (CGD) companies, ICRA said
New Delhi, Dec 17 India’s FY21 GDP is expected to contract at 7.8 per cent, said ratings agency ICRA on Thursday. According to the agency, in Q3FY21, rising raw material and wage costs would partly counteract the positive impact of
New Delhi, Dec 8 The domestic poultry industry is expected to post healthy profits during FY21 after a near washout in profits in FY20, ratings agency ICRA said on Monday. The ratings agency said that domestic poultry industry bounced back
New Delhi, Dec 3 The Indian corporate sector has witnessed a gradual recovery back to normalcy after experiencing major Covid-19 pandemic induced disruptions and the resultant two-month long nation-wide lockdown, said ratings agency ICRA on Wednesday. The restrictions imposed to
Chennai, Nov 27 The risk premium for Basel III security instruments is expected to increase for weaker banks with the Reserve Bank of India (RBI) on Thursday asking Lakshmi Vilas Bank to write down Rs 318.20 crore of its Tier
New Delhi, Nov 20 As the economy recovers from the lows of pandemic-induced lockdown, the year-on-year contraction in India’s GDP is expected to narrow appreciably to (-) 9.5 per cent in Q2FY21 from (-) 23.9 per cent in Q1, said
New Delhi, Oct 15 Passenger vehicle industry’s FY21 volumes are expected to witness a 22-25 per cent decline, ratings agency ICRA said on Wednesday. “The industry segment’s fortunes are tied with the GDP growth rates and overall consumer sentiments which
Mumbai, Sep 13 Improving financial conditions has led ICRA to upgrade credit ratings on securities issued by the lender Yes Bank. The development comes months after the private lender’s financial position worsened and its board was superseded by the Reserve
New Delhi, Sep 10 Sustained sequential recovery, along with potential relief from loan restructuring, could prevent further weakening of India Inc’s credit profile, ICRA said on Wednesday. In a report, “From Moratorium to Loan Restructuring: The road ahead for India
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