Page 13 - Crisil

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

CGD, fertilisers to drive demand for domestic natural gas: CRISIL

The growth is in line with the government's target to increase the share of natural gas in its energy mix to 15 per cent by 2030 as part of its environmental commitments

Sugar industry MSME margins hit by flat product prices: CRISIL SME TRACKER

Globally, supply is expected to ease as output in Brazil and Thailand, both major producers, is likely to revive

InvITs improved credit quality of Rs 46,000 cr debt in road sector: Crisil

Aided by regulatory guardrails and structural benefits, infrastructure investment trusts (InvITs) in the road sector have enhanced the credit quality of around Rs 46,000 crore debt till now, credit rating agency Crisil said on Tuesday. According to Crisil, since 2016, 19 InvITs have been registered in India and these include 11 from the roads sector of which nine have been floated or are set to be launched soon. These nine comprise 94 road assets valued over Rs 1.1 lakh crore, it said, adding that toll roads account for 70 per cent of this while annuity, annuity plus toll and hybrid annuity models comprise 13 per cent, 11 per cent and 6 per cent, respectively. Historically, Crisil said credit profiles of toll roads had seen challenges, such as high leverage, long delays in construction and lower-than-expected traffic. InvITs have addressed many of these problems, it added.

Curb on securitising short-term maturity loans may hurt micro loan biz

Change required by the central bank could make a certain portion of loan books ineligible for securitisation

Bank credit to grow 15% YoY in FY23, FY24 on corporate demand: CRISIL

Lenders may have to raise deposit rates at faster pace, says senior executive of agency

Aftermath of Russia-Ukraine war dims the sheen on steel industry

But strong domestic demand and cooling raw material prices encourage manufacturers to stay the course on capex plans

UltraTech to ramp up domestic cement capacity by a third by FY26

Cement major on track to reach 131.25 mtpa by Q4

Crisil Sept-quarter net profit jumps 31% to Rs 148 cr, income up 23.9%

The largest domestic rating agency Crisil on Friday reported a 31 per cent annualised growth in net income at Rs 147.9 crore for the quarter ended September. The S&P-owned rating agency said its revenue from operations rose 19.6 per cent to Rs 683 crore in the reporting third quarter (the firm follows the calendar year as its financial year). Consolidated income rose 23.9 per cent to Rs 748.2 crore. The spike in gross income and net income was boosted by the sharp jump in the dollar and pound against the rupee. This includes Rs 19.5 crore from revaluation of subsidiary loan in Q3 from Rs 35.4 crore so far in 2022, its Managing Director Amish Mehta said. Despite the many headwinds, the company delivered growth across its businesses led by a momentum in bank loan ratings in the country, even though corporate bond issuances were muted. There was traction in its global businesses also, he added. Increased working capital requirements and stronger bank balance sheets are leading to a .

Sensex, Nifty end flat after choppy day; Titan up 5%, Varroc Engg tanks 7%

CLOSING BELL: The three-day IPO of Electronics Mart India was subscribed 62 times till 3:30 PM

Brickwork impact: Charts favour Icra; CRISIL, CARE Ratings test key levels

ICRA and CRISIL have gained up to 22 per cent so far this year, while Care Ratings has been a underperformer, down 14 per cent.

Credit ratios stay robust in H1FY23: Rating agencies CRISIL, ICRA

CRISIL said these sectors would see a moderation in cash flows vis-a-vis earlier expectations due to slowdown in demand from end-user markets

MSMEs' input costs rising, but risk to restructured loan book could fall

If MSMEs are unable to pass on input costs to their customers, then units, especially weaker ones, are likely to face difficulties, said a senior executive of a private bank

Car makers on road to pre-Covid profit as festival season sales soar

Maruti is operating at 95 per cent of its prodcution capacity

Bank NPAs loans may drop to 5% by March 2023 on economic rebound: Crisil

May even touch decadal low of 4% by March 2024; MSMEs remain vulnerable with one-fourth of recast accounts likely to turn NPAs

GMR Warora Energy signs pact with lenders to recast Rs 3,000 cr loans

Loans would be repaid progressively over 15 years, giving the company additional time of about seven years to extinguish the liability

Volume vault to lift consumer durables sector's revenue 15-18%, says CRISIL

The consumer durables sector's revenue in India is likely to grow 15-18 per cent to Rs 1 trillion in the current financial year on back of 10-13 per cent increase in volume, CRISIL said in a release

HDFC Bank, SBI AT-1 rates set to influence pricing of other issuances

The bonds will have a call option from the fifth year onwards and are rated AA+ by CRISIL, CARE and India Ratings, sources said

Buy CRISIL, Sell Larsen & Toubro recommends Mehul Kothari

According to the technical analyst from Anand Rathi, Larsen & Toubro can slip to Rs 1,800-level, while CRISIL can rally to Rs 3,700.

Loan refinancing improves Adani-run Mumbai airport's liquidity: CRISIL

However, rating agency says strengths partially offset by risks associated with delay in tariff orders and air traffic