Crisil Ratings

Crisil said impact will not be uniform, as it will be sharper for manufacturers with greater dependence on legacy urea ops and for plants that benefited most from earlier efficiency-linked savings

Crisil Ratings expects steel makers to maintain stable profitability in FY27 as higher domestic steel prices and safeguard duty offset rising coking coal, energy and logistics costs

Vedanta Power on Tuesday said rating agency Crisil has upgraded the rating on the company's guaranteed long-term bank facilities, highlighting that the post-demerger structure provides greater strategic focus and enhanced financial flexibility across its businesses. In a statement, the company said Crisil has upgraded Vedanta Power's guaranteed long-term bank facilities to CRISIL AA+ (CE)/Stable from CRISIL AA (CE), while reaffirming its standalone long-term rating at CRISIL AA-/Stable and short-term rating at CRISIL A1+. The rating upgrade follows the successful completion of the Vedanta Group's demerger and reflects Vedanta Power's strengthened credit profile, diversified thermal power portfolio, healthy liquidity position and strategic importance, according to the statement. A CRISIL AA+ (CE) rating means the financial instrument has a high degree of safety regarding timely payment of interest and principal. Crisil also recognised the company's operating performance, long-term .

NBFC education loan portfolios are expected to reach Rs 94,000 crore in FY27 as growing diversification across study destinations offsets weaker demand for US-focused education

NBFCs accounted for over 98% of securitisation issuances in April-June 2026, with gold loans emerging as the largest asset class amid robust investor demand and healthy retail credit growth

Rating agency says diversification into gold, MSME and property-backed loans, along with a recovery in microfinance disbursements, will drive growth this fiscal

Strong risk-management practices, conservative lending ratios and timely auctions help lenders recover principal even under stressed gold-price scenarios, the agency says

Crisil Ratings says lending guardrails have improved portfolio quality and credit discipline, leading to a sharp reduction in overdue build-up in microfinance securitised pools

Record defence production and exports, coupled with strong order books and improving execution, are expected to support healthy growth for defence companies in FY27

Ideaforge's revenue is likely to grow at a steady rate over the medium term, in line with geographical diversification, healthy demand, strong order book, and product addition, believes Crisil Ratings

Crisil Ratings says slowing commercial traffic and geopolitical tensions may temper toll collection growth in FY27, though credit profiles of road assets are expected to remain stable

Crisil Ratings says healthy leasing growth and steady demand-supply dynamics may reduce vacancy levels, though AI-led disruptions and geopolitical risks remain concerns

Choice Broking maintains a 'BUY' rating and says Lloyds Metals is structurally shifting from a pure mining play to a higher-margin, integrated metals platform.

Tyre and auto-component makers raise prices as raw material and energy inflation erodes margins

A prolonged West Asia conflict could reduce India Inc's operating profitability by 200 basis points in FY27, according to a Crisil Ratings stress test

Crisil says toll road monetisation by NHAI and HAM asset sales will continue driving growth in road sector infrastructure investment trusts

Crisil Ratings expects India's passenger vehicle industry to post record sales this fiscal, supported by GST-led demand recovery and continued preference for utility vehicles

Sun Pharma's acquisition of Organon as a transformational deal, doubling revenue to USD 12 billion with 30 per cent EBITDA margin, analysts.

RBI's new expected credit loss framework may lower CET-1 ratios and increase provisioning in early years, though banks are likely to absorb the impact over time

Share of bank loans in NBFC borrowings is expected to rise further in FY27 as bond yields stay elevated and external commercial borrowings remain muted amid volatility