Page 12 - Crisil

CRISIL revises outlook on Vedanta's loans from 'stable' to 'negative'

The change reflects the possibility of higher-than-expected financial leverage and lower financial flexibility with reducing ratio of cash surplus to one-year maturities for FY23 and FY24

Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL

In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent

Tractor sales growth to halve in FY24, operating margins to improve: CRISIL

However, softening prices of inputs such as steel and pig iron will provide a 100-200 basis points (bps) respite to the operating margin of tractor makers

Expect India's GDP to moderate to 6% in FY24: CRISIL MD & CEO Amish Mehta

Amish Mehta discusses the factors behind this downgrade and road ahead for the Indian economy

Keep 'margins of safety' amid global turmoil, says CEA Nageswaran

Nageswaran says IMF's latest estimates for global growth appear outdated

Economic growth to moderate to 6% in FY24, inflation may ease: CRISIL

Full impact of RBI's rate hikes will be next fiscal, says agency while citing three reasons for economy slowing

Global environment gloomier, India to grow at 6% next year: CRISIL

CRISIL said that the risks to inflation are 'tilted upward' due to the predictions of El Nino over the next couple of months

5G adoption to take time, only a third of users may switch by March 2025

High cost of 5G devices and readily available 4G network shaping users' behaviour

CRISIL reaffirms ratings for Adani Group's solar, wind power units

The shares of listed Adani group companies have witnessed huge volatility in prices after US-based short-seller Hindenburg's research report

Power prices likely to remain firm next fiscal amid higher demand: Crisil

Power prices are expected to remain firm next fiscal on the back of elevated demand growth of 5.5-6 per cent, and the demand is set to close this fiscal up 9.5-10 per cent over 8.2 per cent last fiscal, a report said on Thursday. The fears of a heat wave has seen the short-term power prices soaring by a full 151 per cent. This was on the back of a 42 per cent on-year spike in prices in February, Crisil said in a report. The demand growth would mark a decadal high rate of growth and almost double the 20-year average of 5.2 per cent, the report added. The report noted that demand growth weighed in at 7.7 per cent in February and averaged 10 per cent for the 11 months of the current fiscal despite a high base of fiscal 2022 due to extreme weather events and robust industrial and manufacturing activity. March is unlikely to see any let up amid early warnings on possible heat waves in northern and central regions this summer, the report said. According to Hetal Gandhi, a director with

Commercial spaces re-open vistas for security service firms: CRISIL

Private security players' key service offerings include manned guarding, cash management services, and allied services such as electronic security services

Hot temperature to heat up prices, reduce wheat yield, says CRISIL report

The hot temperature if persists in March may not only reduce the wheat crop yield but also heat up the commodity prices, said CRISIL.

CRISIL upgrades DB Power's rating after Adani Power calls off acquisition

CRISIL also removed the company from "on watch status" and assigned "stable" outlook

Cereal prices likely to remain elevated going into next fiscal: CRISIL

Prices of cereals are unlikely to rise further as witnessed in the recent past but may remain elevated well into the next fiscal due to vagaries of climate change, strong global and domestic demand, rating agency Crisil said. Domestic production of cereals has grown consistently in the past 50 years. However, prices of cereals have risen faster. The weighted average crop price index for cereal crops logged 3-4 per cent CAGR (Compounded Annual Growth Rate) over fiscals 2017-2022, it said in a report. Even in the current fiscal, prices of cereals have risen significantly on-year in the first nine months -- of wheat and paddy by 8-11 per cent and of maize, jowar and bajra by 27-31 per cent, it added. "....the price sentiment for cereal crops is expected to be strong in absolute terms," Crisil said. Anticipation of higher production of wheat in current rabi season is expected to improve the stock condition, which may put downward pressure on prices, though heatwaves remain a key ...

Ratings of Adani group entities under continuous surveillance: CRISIL

Corporate governance, decline in fundraising capability under scanner

Union Budget 2023-24: Aiming for paradoxical goals

Amish Mehta, MD & CEO, CRISIL, talks about Union Budget 2023

Operating margins seen contracting by 270 bps to 18-19% in Q3: Crisil

Operating margins of India Inc are likely to have fallen by 270 basis points (bps) to 18-19 per cent in the December quarter on easing commodity prices and moderating revenue growth, says a report

Securitisation volumes see over 40% YoY uptick in 9-month of FY23: Crisil

The commercial vehicle segment witnessed 31 per cent growth and microfinance segment saw 14 per cent growth in the securitisation market

Financial conditions to be tighter due to Fed's decadal-high rates: Crisil

Liquidity conditions will also not return to surplus as seen in the pandemic years, which will maintain fundamental pressure on domestic interest rates

M&E sector likely to log 12-14% revenue growth in FY24, says Crisil

FY23 revenue growth likely at 16 per cent, ratings agency says