Page 25 - Icra

ICRA places ratings of PFS under watch with negative implications

Three PFS directors - Kamlesh Shivji Vikamsey, Thomas Mathew T and Santosh B Nayar - resigned on January 19, 2022 alleging lapses in corporate governance

Budget 2022: Icra expects enhanced support for waterways, logistics sectors

An increased budgetary support from the government for flagship projects including Sagarmala and inland waterways will provide a boost to the execution pace and investments, Icra said

Icra revises AUM growth outlook for retail NBFCs to 5-7% from 8-10% in FY22

The agency said the growth outlook would be exposed to downside risk in case of significant disruptions caused by the new wave of infections in Q4 FY2022.

'New Covid wave may shave off 100 bps growth in toll collections in FY22'

The recent surge in Covid infections as well as subsequent localised lockdowns emanating from Omicron spread are likely to shave off around 100 bps of growth in toll collections in fiscal year 2021-22

Icra maintains volume demand growth estimate for FY22 at 13-15%

ICRA said it is maintaining the domestic demand growth in volumes estimate for the Indian tyre industry at 13-15% for the ongoing fiscal year and 7-9% for the FY22-25 period

Despite pandemic, hospital chains set for revenue, margin growth in FY22

Despite the third wave hitting elective surgeries and infecting a large number of medical personnel, hospitals are expected to close the current fiscal with robust revenue and margin growth

Icra revises downwards revenue growth forecast for auto component industry

Icra revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 per cent

Surge in Covid-19 cases, localised curbs to hit securitisation: ICRA

ICRA said it expects the full year volumes (FY22) to be around Rs 1 - 1.1 trillion, marginally lower than its earlier estimates of about Rs 1.2 trillion.

High WPI inflation 'blessing in disguise' for toll road projects: Icra

Rating agency Icra said high Wholesale Price Index inflation is a blessing in disguise for toll road projects as toll collections are set to witness 14-15% growth in 2022-23

Renewable energy generation capacity addition to touch 16 GW in FY23: ICRA

India's renewable energy capacity addition is estimated to touch 16 GW in the next financial year in view of the strong pipeline of 55 GW clean energy projects, according to ICRA.

Icra maintains 'stable' outlook for Indian road logistics sector

The optimism stems from the favourable scenario wherein most players reported strong growth in freight volumes on a sequential basis in the second quarter of FY'22

Bad loans of small finance banks may go up 70-80 bps by FY22-end

On an overall basis, ICRA expects some reduction in GNPAs in the second-half of FY22

ICRA places RBL Bank ratings under watch with developing implications

ICRA will continue to monitor the developments related to the deposit levels as this could have a material impact on the liquidity position of the bank

Growth momentum loses steam in Nov amid demand, supply disruption: ICRA

Rating agency ICRA on Friday said the growth momentum lost steam in November 2021 on the back of "some satiation" of pent-up demand as well as supply chain disruptions

Rising input costs to hit cement companies' margins by 200-230 bps: ICRA

Rise in input costs for cement manufacturers is expected to hit the sector's overall operating margins by 200-230 basis points in FY22, ratings agency ICRA said

ICRA cuts growth forecast for passenger vehicle industry to 8-11% for FY22

For the two-wheeler segment, it said the volumes are expected to contract by 1-4 per cent in FY2022 against an earlier prediction of 6-8 per cent growth

Domestic two-wheeler volume to shrink 1-4% YoY this fiscal: ICRA

Domestic two-wheeler (2W) volume is expected to shrink by 1-4 per cent year-on-year this fiscal, impacted by relentless increase in 2W prices as well as record high petrol cost, ICRA has said

Major tea companies clock lower profits as prices fall, costs rise

A report by Icra said that tea prices remained strong in Q1FY22 and started sliding with the onset of the peak production months of the current year

Rating agency ICRA revises India's Q2FY22 GDP growth to 7.9%, up by 20 pts

Rating agency ICRA has revised India's gross domestic product (GDP) for Q2 FY22 upward by 20 basis points to 7.9 per cent.

Icra ups Q2 GDP growth estimate to 7.9% after jump in govt spending

A jump in government spending in September has led Icra to upgrade its GDP growth estimate for the second quarter of FY2021-22 to 7.9%