Page 25 - Crisil
Profit margins of dairy companies set to improve this year, says CRISIL
The report estimates revenue growth at 12-13 per cent for FY20 and 13-14 per cent for FY21, as compared to 12 per cent for FY19
 "Profit margins of dairy companies set to improve this year, says CRISIL")
Dec quarter shows much-needed improvement in asset quality for PSU banks
Slippages ratio for FY20 pegged at 3.5 per cent a tad lower than previous year's 3.7 per cent, but MSMEs, agri and retail are segments that could see fresh stress
 "Dec quarter shows much-needed improvement in asset quality for PSU banks")
CRISIL downgrades Indiabulls Housing Finance's rating on fund access
The rating on the CP issue and short-term non-convertible debenture programme has been reaffirmed at 'A1+'
 "CRISIL downgrades Indiabulls Housing Finance's rating on fund access")
Pharma industry poised to beat FY19 exports despite strict US regulations
April-December exports rise 11.5%; estimates peg FY20 numbers at $22 billion
 "Pharma industry poised to beat FY19 exports despite strict US regulations")
Budget measures unlikely to meet growth targets in FY21: Crisil report
Despite tight fiscal conditions, the budget makes room for higher capex
 "Budget measures unlikely to meet growth targets in FY21: Crisil report")
Crisil upgrades Jindal Steel NCD ratings to BBB positive as plant restarts
Upgrade reflects improvement in JSPL's business risk profile over medium term
 "Crisil upgrades Jindal Steel NCD ratings to BBB positive as plant restarts")
FMCG recovery likely in 2020; Nielsen, CRISIL predict double-digit growth
According to Nielsen's estimates, India's Rs 4 trillion FMCG market is expected to grow by 10% in calendar year 2020 (CY20)
 "FMCG recovery likely in 2020; Nielsen, CRISIL predict double-digit growth")
CRISIL SME Tracker: Small EPC contractors stuck in the realty rut
Over the past three years, the real estate industry has been affected by regulatory changes such as the Goods and Services Tax, Real Estate Regulatory Act, and the thrust on affordable housing
 "CRISIL SME Tracker: Small EPC contractors stuck in the realty rut")
Iron ore prices are set to rise 30-40% after Odisha auctions: Crisil
The hike in iron ore prices in the aftermath of auctions will hinge on the auction premiums
 "Iron ore prices are set to rise 30-40% after Odisha auctions: Crisil")
737 Max grounding, Jet crisis may drag down passenger growth to 4%: Crisil
The domestic traffic data in the April-September period, during which the passenger volume grew a mere 2 per cent, also reflects this estimate, rating agency said in its aviation outlook note.
 "737 Max grounding, Jet crisis may drag down passenger growth to 4%: Crisil")
MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey
The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter
 "MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey")
Economic slowdown impact: Small biz sentiment at 1-yr low, says CriSidEx
According to the eighth edition of the CriSidEx survey, sentiment fell during Q2 to 106. It was 120 in Q1
Delinking ratings from credit profile may hit securitisation, says CRISIL
The ability of credit rating agencies and investors to differentiate the credit quality of securitised instruments from their servicers and originators could be affected, says CRISIL.
 "Delinking ratings from credit profile may hit securitisation, says CRISIL")
Revival in production and exports buoys seafood firms: CRISIL SME Tracker
CRISIL Research expects the industry to grow 5-7 per cent year-on-year, compared with 6-7 per cent in the last fiscal year
 "Revival in production and exports buoys seafood firms: CRISIL SME Tracker")
Crisil extends gain, hits 52-wk high on acquisition of Greenwich Associates
The stock was up 7% to Rs 1,921 on Monday, rallied 27% in past one month, as compared to 3% rise in the S&P BSE Sensex.
 "Crisil extends gain, hits 52-wk high on acquisition of Greenwich Associates")
Crisil to buy Stamford-based Greenwich Associates, deal likely early 2020
Greenwich is a leading provider of proprietary benchmarking data, analytics and qualitative, actionable insights that help financial services firms measure and improve business performance
 "Crisil to buy Stamford-based Greenwich Associates, deal likely early 2020")
Retail loan book of banks, NBFCs will double to Rs 96 trn in 5 yrs: Report
Loans to MSMEs are also likely to double to Rs 13.2 trillion from Rs 6.6 trillion in FY19
 "Retail loan book of banks, NBFCs will double to Rs 96 trn in 5 yrs: Report")
Crisil shares hit 52-week high, zoom 39% in three months
In Q3FY19 (July-September quarter), Crisli's consolidated PBT grew 13 per cent to Rs 148 crore against Rs 131 crore in the corresponding quarter of previous fiscal.
 "Crisil shares hit 52-week high, zoom 39% in three months")
Non-bank growth to fall to 6-8% in FY20; lowest in a decade: Crisil
Funding issues, rising borrowing costs, re-calibration and de-risking of loan portfolios and economic slowdown will weigh on AUM growth
 "Non-bank growth to fall to 6-8% in FY20; lowest in a decade: Crisil")
For states, balancing fiscal maths and capex will be challenging: CRISIL
The rating agency - in its Infrastructure Yearbook 2019, released on Tuesday - said most of the sub-sectors in infrastructure have shown stress this year, compared to the previous year
 "For states, balancing fiscal maths and capex will be challenging: CRISIL")