Page 12 - Crisil Report

NH construction to be around 32-34 km per day during this fiscal: Crisil

India's national highway construction will likely reach only 32-34 km per day during the current financial year as input prices are expected to remain elevated, said rating agency Crisil

Securitisation volumes jump 70% to Rs 35,000 cr in Q1: CRISIL report

The Reserve Bank of India defines securitisation as transactions where credit risks in assets are redistributed by repackaging them into tradable securities

'India Inc staring at 3rd consecutive qtr of profit margins squeeze in Q1'

India Inc is staring at the third consecutive quarter of a year-on-year drop in profit margins for the April-June 2022 period, a Crisil Ratings arm said on Monday. Operating profit margins have likely fallen by 2-3 percentage points for the June quarter as compared to the year-ago period, Crisil Research said after analysing 300 companies excluding those from financial services and oil and gas sectors. It said almost half of the 47 sectors it tracks are likely to show a contraction in margins. Corporate revenues are estimated to have logged a healthy growth of 30 per cent on-year in the first quarter, largely supported by price hikes and moderately rising volumes, it said. The rating agency estimates come ahead of earnings for the June quarter by a majority of companies, which come amid adverse events like the impact on commodities because of the geopolitical tensions and depreciation in the Indian rupee to record lows. Operating profit margins in construction-linked sectors are ..

SME EPC road contractors face shrinking margins as input costs spike

However, national highway projects are typically executed by large contractors, with only a small proportion sub-contracted to SMEs

Mobile imports down 33% in FY22 as local production rises: Report

This growth is in spite of the ongoing chip shortage, and three of the global manufacturers met the PLI production targets in FY22

Cost pressure may spike default rates among lower-rated firms: Crisil

Sub-investment grade MSMEs are at high risk; sunset for pandemic-induced relief measures to have a bearing too

Corporate defaults may rise again on cost pressures: Crisil report

Crisil warned of more companies defaulting on their debt obligations as it expects withdrawal of pandemic-induced relief measures coupled with volatile input prices creating cost pressures

Duty-related measures to cut India's steel exports by 40% in FY23: CRISIL

India's steel exports is expected to come down by 40% to 12 million tonnes (MT) in the ongoing fiscal, as a result of the duty-related measures taken by the government last month, according to CRISIL

Private telcos to hike tariffs in H2; FY23 revenues to jump by 25%: Report

A growth in average revenue per user is essential for the industry to invest in the network and spectrum, and if they do not do so, it can result in poor service offerings, Crisil said in a report

Tyre makers' capital expenditure to rise to Rs 5,000 cr in FY23: CRISIL

The report is based on the analysis of the top six domestic tyre makers, who account for 80 per cent of the Rs 75,000 crore of the sector, CRISIL said

Steel prices likely to fall to Rs 60,000/tonne by March: CRISIL report

Steel prices, which have been on a song for the past two years, are finally set to correct on weak seasonality, and may trade at around Rs 60,000/tonne by the end of the current fiscal year

Cumin prices to touch 5-year high as output shrinks by third: Report

Crisil estimates cumin prices to shoot up 30-35 per cent to touch a five-year high of Rs 165-170 per kg in the Rabi season 2021-2022

Bank credit growth to hit 4-year high of 11-12% in FY23: CRISIL

Corporate segment credit pace to double at 8-9%

IDFC Tax Advantage (ELSS) Fund: Tax savings with long-term growth

The fund has outperformed the benchmark (S&P BSE 500 TRI) and its peers (funds ranked under the ELSS category in December 2021 CMFR) in the past 1-, 2-,3-,5-, 7- and 10-year trailing periods

Established residential realtors' topline to grow 35% in FY22: Report

This jump in sales for the 11 listed players was attributed to affordability and a preference for larger homes, owing to a surge in remote working driven by the Covid-19 pandemic, as per the report

India's organised dairy industry to see 12% revenue growth in FY22: Report

Steady demand for both VAP and liquid milk is likely to lead to 5-6% growth next fiscal as well in line with the pre-pandemic trend: Crisil Ratings report

Two-wheeler sales volume to fall for third straight fiscal year: Crisil

'Three consecutive years of decline will take two-wheeler sale volumes back to the fiscal 2014 level and it may take 3-4 years to reclaim the peak sales volume of 2.11 crore seen in 2019'

India's industrial activity expected to pick-up: Crisil Research

India's industrial activity is expected to gather pace in the coming months owing to a gradual pick-up in consumption as well as investment demand.

India's GDP expected to grow 7.8% in FY23: Crisil report

Sitharaman's Budget proposals focused on loosening the purse strings by boosting capital expenditure and going slow on fiscal consolidation are aimed in the right direction, the rating agency said

Sugar stocks rally on strong outlook; Triveni, Balrampur hit new highs

According to CRISIL, sugar mills are expected to see both revenue and profitability improve in the 2022 season (SS 2022; October 2021 to September 2022).