Crisil

Infra investments to grow 50% through FY28 despite West Asia crisis: Crisil

Crisil sees strong infrastructure investment growth through FY28 backed by policy support and balance sheets, though risks persist across renewables, roads and real estate

Indian banks' credit portfolio resilient amid West Asia conflict: CRISIL

Domestic lenders likely to see GNPAs at 2-2.2% in FY27, with MSME segment facing some pressure while corporate and retail portfolios remain stable

CRISIL shares jump 6% after Q1 profit rises 46%; ₹9 dividend declared

Crisil has reported a 46% jump in net profit to ₹233 crore for the first quarter of CY26. CRISL has also announced an interim dividend of Rs 9.

Crisil Q1 net profit rises 46% to ₹233 cr, declares interim dividend

Crisil on Friday reported a 45.9 per cent rise in net profit to Rs 233.3 crore for the January-March quarter. The domestic rating agency had registered a profit after tax (PAT) of Rs 159.8 crore in the March quarter of the preceding fiscal year. Its consolidated total income for the first quarter of fiscal year 2026 rose 29.6 per cent to Rs 1,093.7 crore compared to Rs 843.8 crore in the year-ago period. Crisil Managing Director and CEO Amish Mehta said the growth in businesses during Q1 FY26 was driven by customer centricity and differentiated, domain-led solutions. "The ongoing geopolitical issues underscore the essentiality of our insights and risk solutions for clients navigating complexity. The growth and resilience of the Indian economy continue to offer opportunities for our businesses," Mehta said. Crisil expects India's gross domestic product to grow at 7.1 per cent in the base case for this fiscal compared to 7.6 per cent in the last fiscal, with increasing downside risk

Q4 result: Wipro, HDFC AMC, Crisil, Waaree Renewable, 10 more on April 16

Q4FY26 company results: Firms including Angel One, Waaree Renewable Technologies, VST Industries, and Alok Industries are also to release their January-March earnings today

NBFCs' reliance on bank borrowings to rise in FY27 on lower rates: Crisil

Non-banking finance companies' (NBFCs) reliance on bank borrowings is likely to rise in FY27 due to lower interest rates, a rating agency said on Wednesday. The share of bank borrowings, which rose to 43 per cent on the back of higher activity in the second half of the recently concluded FY26, will inch up further to up to 45 per cent by the end of the ongoing fiscal, Crisil Ratings said. It attributed the shift in preference to lower interest rates in the bank lending market, which is likely to lead to a tapering in the debt capital market issuances. "While bank lending rates continued to decline throughout last fiscal, bond yields, after declining in the first half, inched up in the second half and remain elevated," the agency said. Additionally, the share of external commercial borrowing (ECB) issuances will also be muted in the near term, owing to geopolitical uncertainties and the resultant exchange rate volatility, it added. In such a scenario, securitisation is expected to

CRISIL upgrades Shriram Finance to AAA, Sammaan Capital to AA+ rating

CRISIL upgrades Shriram Finance to AAA and Sammaan Capital to AA+, citing improved credit profiles, strong capital buffers and strategic backing from IHC Group

Crisil to Icra: Rating upgrades tempered in FY26 as downgrades edged up

Rating agencies flag moderation in upgrade-downgrade ratios in FY26, with the West Asia conflict likely to test corporate balance sheets and margins in FY27

Security services industry set to rebound but challenges persist: Crisil

Manual services account for 75-80 per cent of the market and involve providing security personnel to man public spaces, housing societies, commercial complexes and banks, among others

West Asia disruptions to impact daily CGD sales volumes by 8-10%: CRISIL

Ongoing Middle East conflict may reduce India's city gas distribution sales volumes by 8-10 per cent due to LNG supply disruptions, though price pass-through may cushion margins

Crisil projects 7.1% growth for India in FY27, flags West Asia crisis

Crisil projects India's economy to grow 7.1 per cent in FY27 on consumption and investment, but warns West Asia tensions and trade frictions pose downside risks

Iran war set to hit output in sectors dependent on oil and gas: Crisil

CRISIL cautions that continued Middle East tensions could disrupt LNG and crude supplies, pressuring fertilisers, refineries, chemicals and other energy-intensive sectors in India

West Asia crisis may hit trade, LNG supply if disruption persists: Crisil

A prolonged war in the Middle East could adversely affect several Indian sectors with direct trade exposure to the region, including basmati rice, fertilisers, diamond polishing, airlines and travel operators, according to Crisil Ratings. The rating agency said sectors dependent on imported Liquefied Natural Gas (LNG), such as ceramics and fertilisers, may also face near-term production disruptions, while crude-linked industries including oil refiners, tyres, paints, specialty chemicals, flexible packaging and synthetic textiles could see cost pressures if energy prices remain elevated. Countries in the Middle East account for about 30 per cent of global crude oil and 20 per cent of global LNG production, most of which is transported through the Strait of Hormuz. India imports roughly 85 per cent of its crude oil and about half of its LNG, with 40-50 per cent of crude oil and 50-60 per cent of LNG shipments routed through the strait. According to Crisil, most shipping vessels have .

Crisil net profit rises 7.5% to ₹241 crore in quarter ended Dec 2025

Crisil Dec qtr profit up 7.5 pc to Rs 241 cr

Budget 2026: The twin arcs of progress shaping India's growth path

The proposals announced on Sunday imply a dual approach: A strategic arc that will continue to pave the path for faster potential growth, and a tactical arc of facilitations and reliefs

Iran unrest has had minimal impact on Indian companies so far: Crisil

Domestic credit ratings agency Crisil on Wednesday said the unrest in Iran has not had any impact on Indian companies so far. However, if the tensions persist or escalate, leading to rise in crude prices, companies in oil refining, aviation and crude-linked sectors like specialty chemicals, paints, petrochemicals and synthetic textiles may be impacted, it said. "The ongoing unrest in Iran has not had any significant impact on India Inc's global trade, or the credit profiles of domestic corporates thus far," it said. Pointing out that Iran accounts for over 4 per cent of the global crude oil supply, the agency said any escalation that disrupts its production could spike prices and the same should be watched closely by a country like India that is dependent on imported crude. "While India's direct dependence on Iran for crude-linked products is low, any sharp rise in crude oil prices will have a cascading impact on sectors such as oil refining, aviation, specialty chemicals, paints,

Cigarette industry braces for volume contraction post duty hike: Crisil

The domestic cigarette industry is bracing for a 6-8 per cent volume contraction in the next fiscal, following the imposition of additional excise duties and an increase in GST rates from February 1, Crisil Ratings said on Wednesday. Currently, cigarettes are charged 28 per cent goods and services tax (GST), along with a varied compensation cess. From February 1, the compensation cess component will be removed, and an additional excise duty (ranging from Rs 2.05 to Rs 8.5 per stick) will be levied, based on the length of the cigarettes. Crisil said mid to premium cigarettes (more than 65 mm length) will be levied excise duty of Rs 3.6-8.5 per stick, while cigarettes in the mass segment (less than 65 mm length) will be levied Rs 2.05 - 2.1 per stick. Additionally, the GST applicable on the final price will increase to 40 per cent. Though the duty hikes are lower in the mass segment (accounting for 40-45 per cent of the volumes), the players are expected to partially absorb the same

AUM of gold-loan NBFCs to cross ₹4 trillion by end-FY27: Crisil Ratings

Crisil Ratings projects gold-loan NBFC AUM to cross ₹4 trillion by FY27, driven by high gold prices, a shift to secured credit and easing LTV norms

Venezuela developments unlikely to impact crude oil prices: Crisil

Crisil Ratings on Tuesday said that recent developments in Venezuela are not likely to have any material near-term impact on crude oil prices, as the Latin American nation had a relatively small share of global supply. A US military operation in early January resulted in the capture of President Nicolas Maduro on drug-related charges, triggering uncertainty in the country, which holds some of the world's largest proven crude reserves. Crisil Ratings, in a note, said even if the situation escalates and disrupts crude oil production in Venezuela, the impact on global oil prices would likely be limited, as the country accounts for only about 1.5 per cent of global crude supply. Brent crude prices have remained largely stable in recent days, hovering just above USD 60 a barrel. For India, the developments in Venezuela are unlikely to have any material impact on its global trade or the credit quality of Indian companies. India's direct trade exposure to Venezuela is minimal, it ...

Issuance of security receipts by ARCs drop, redemptions jump: Crisil

ARCs will see their revenue mix continue to tilt towards recovery-linked income, away from primarily management fee-driven income, said Crisil