Page 5 - Crisil Ratings

Stocks To Watch: Bajaj Auto, LTTS, CRISIL, Bikaji Foods, PFC

Stock Market Today: Bikaji Foods has announced a strategic investment of Rs 131.01 crore for a 53.02 per cent stake in Hazelnut Factory Food Products

CRISIL jumps 12 places to 37th spot in Chartis RiskTech100 2025 report

/ -- CRISIL Ltd, the global provider of advanced analytics and credit risk management solutions, has risen 12 places to #37 in the RiskTech100 2025 report published by the London-based Chartis Research this month. This is the second consecutive year that CRISIL has featured among the top 50. The independent annual assessment ranks the world's 100 best providers of risk and compliance technology and services. The report also recognises CRISIL as a Category Leader in model validation for the third consecutive year, based on a risk technology survey, product demonstration, customer reference checks, and third-party sources of information. The process evaluated CRISIL's capabilities across the model risk lifecycle, including model development, validation, governance, inventory management, and risk management and control. Gurpreet Chhatwal, Chief Operating Officer, CRISIL Limited, says, "These awards reflect the strength of our service and technology offerings in the risk management spac

Hinduja Leyland Finance receives 'AA+/Stable' rating boost from CRISIL

The company said that the upgraded rating reinforces its long-term financial stability and prudent governance practices

Bank credit offtake and deposit mobilisation moderates in H1: RBI data

The RBI data showed YTD growth in deposits was 5 per cent for H1FY25 as against 6.9 per cent for H1FY24

TN readymade garment exporters' profit may rise by 8-10% in FY25: CRISIL

Readymade garment exporters from Tamil Nadu are likely to see 8-10 per cent growth in revenue to Rs 43,000 crore in this financial year on healthy order flow amid rising demand conditions, a report said on Friday. The industry has seen signs of recovery in Tamil Nadu after two years of subdued demand and muted realisations and is expected to fare better than the national level where revenue growth is expected to be 3-5 per cent this fiscal. Operating profitability will improve 25-30 basis points (bps) on better operating leverage, marginal increase in realisations and stable yarn prices, Crisil Ratings said in a report. "Tamil Nadu readymade garment industry, which accounts for over 30 per cent of readymade garment exports from India, will see volume grow 6-7 per cent in the current fiscal. Growth will be driven by the Tirupur region, the knitwear hub of India, supported by improving demand from the US and Europe. "The government's plan to review the Production-Linked Incentive (PL

Digital transformation to drive media revenue growth to 8% by FY2027

The report analysed 20 media companies accounting for nearly 55 per cent of the media industry's revenue

Credit costs of MFIs likely to go up to 3-3.5% in FY25: CRISIL Ratings

The asset quality of the microfinance portfolio deteriorated in Q1 FY25 as the heatwave across the country adversely impacted the income of borrowers and collections

No near-term impact of B'desh situation on India's trade: CRISIL Ratings

Crisil Ratings on Tuesday said the recent developments in Bangladesh did not have a significant impact on India's trade and it does not foresee any near-term impact on the credit quality of India Inc. Crisil Ratings said the effect will vary based on industry/sector-specific nuances and exposure. "We do not foresee any near-term impact on the credit quality of India Inc either," it added. However, a prolonged disruption can affect the revenue profiles and working capital cycles of some export-oriented industries for which Bangladesh is either a demand centre or a production hub. Also, the movement in the Bangladeshi currency Taka, will have to be watched, the credit ratings agency said. "Recent developments in Bangladesh haven't had a significant impact on India's trade and going forward, the effect will vary based on industry/sector-specific nuances and exposure. We do not foresee any near-term impact on the credit quality of India Inc either," Crisil Ratings said. Companies into

CRISIL SME Tracker: Steel MSMEs may see softer growth this financial year

Despite this, growth is still projected to exceed decadal averages and will continue to be aided by demand from infrastructure and construction segments

Gold loan demand stays strong despite cash disbursement curbs: CRISIL

According to CRISIL, growth for gold-loan NBFCs has been supported by favourable movement in gold prices

Regional print media to grow 8-9% from ad revenue, lower costs: CRISIL

Increasing advertisement demand and lower newsprint costs drive revenue and profitability for regional newsprint media companies, says CRISIL Rating report

Rising deposit costs to weigh on NIMs, RoA of banks: CRISIL Ratings

Deposit costs are seen increasing 25-30 basis points in FY25, after rising about 140 basis points since May 2022

Thomas Cook India's shares rise after CRISIL upgrades outlook to 'Positive'

Thomas Cook India's stock price zoomed 3.2 per cent at Rs 225 per share on the BSE in Thursday's intraday trade

Fund Pick: Nippon India Large Cap Fund leads from the front, says CRISIL

The fund has consistently outperformed its peers in all trailing periods under analysis

Crisil ESG Ratings receives market regulator Sebi approval for ESG scoring

The rating provider launched its ESG scoring business in 2021 and now tracks over 1,000 companies across 65 sectors

CRISIL results: Net profit drops 5% to Rs 138 crore in Jan-March quarter

Ratings firms Crisil on Tuesday reported a 5.4 per cent drop in consolidated net profit to Rs 138 crore for the first quarter ended March 31. The company had posted a net profit of Rs 146 crore in the same period last year. Crisil's consolidated total income rose to Rs 751 crore for the quarter ended March 31, 2024, from Rs 732 crore a year ago, the company said in a regulatory filing. At the same time, expenses increased to Rs 563 crore during the quarter against Rs 539 crore in the year-ago period. Its board has also approved the payment of an interim dividend of Rs 7 per equity share of face value of Re 1 each, for the financial year ending December 31, 2024, which will be paid on May 14, 2024, it said. Crisil follows a calendar year as its financial year. The rating agency expects India's GDP growth to moderate to 6.8 per cent in fiscal 2025 due to high-interest rates, fiscal consolidation and uneven global growth. On the other hand, healthy corporate balance sheets, a robus

Credit quality of Indian companies stayed healthy in H2FY24, says CRISIL

Rating upgrades surpassed downgrades in H2FY24. Outlook remains robust for H1FY25

SBI Card to raise up to Rs 2,000 crore in capital via Tier II bonds

CRISIL Ratings has assigned its "AAA/Stable" rating to the Rs 2,000 crore non-convertible debentures and Rs 2,000 crore lower Tier II bonds

NBFC's mission to diversify funding may see them struggle in the quest

Mint Road's nudge to NBFCs to diversify their funding will change the game. NBFCs claim they have been caught off guard, but the issue was flagged by RBI Governor

Hospitality industry expects 11-13% revenue growth on domestic demand

The hospitality industry is expected to clock 11-13 per cent revenue growth in 2024-25 on steady domestic demand and a rise in foreign travellers, a report said on Monday. This revenue growth will follow a likely 15-17 per cent growth in the current financial year, backed by steady domestic demand and ramp-up in foreign travellers, Crisil Ratings said in a report on Monday. The strong demand dynamics along with modest new supply will keep the operating performance of the industry healthy over the near term, the report added. According to the report, the healthy operating performance will augur well for the industry profitability where the EBITDA, or earnings before interest, taxes, depreciation, and amortization will continue the strong momentum over the current and the next fiscal. This, along with limited capital expenditure, will keep the credit profiles strong, the report noted. "The domestic travel demand, which remained a key driver this fiscal, will sustain next year as wel