Page 27 - Icra

GIC Housing Finance's bad loans spike to 11.4% in Q1, solvency weakens

The deterioration in the asset quality would further impact GICHF's earnings profile, and consequently, its internal capital generation

Auto parts industry may see 20-23% jump in revenue this fiscal: Report

The auto components industry is expected to log 20-23 per cent revenue growth during this fiscal, supported by recovery in the domestic automobile sector and robust exports, with all segments (passenger vehicles, two-vehicles and commercial vehicles) likely to report healthy double-digit growth in 2021-22, credit ratings agency ICRA said on Thursday. However, prices of key commodities and shortage of semi-conductors remain the key concerns for the industry, it said. The domestic auto component industry has seen a smart recovery during the first quarter of this fiscal, driven by strong exports and revival of domestic demand in June, ICRA said in a statement. Most domestic automobile segments, especially passenger vehicles (PVs) and tractors, continue to witness strong demand and are almost at pre-COVID-19 levels. Even the M&HCV (medium and heavy commercial vehicle) segment, which was impacted during the April quarter, is also now showing signs of recovery, it said. ICRA's sample ..

Roots of economic recovery deepen in July as Covid restrictions ease: ICRA

With the easing of Covid-19-related restrictions by the states, the roots of the economic recovery deepened in July 2021, says a report.

ICRA revises GE Power India's outlook to negative from stable

ICRA has reaffirmed A-plus rating on GE Power India Ltd (GEPIL) but said the outlook revision to negative from stable on the bank lines is driven by deterioration in credit profile

GDP growth may be overestimated at 20% in first quarter, says Icra

It cautioned that the organised sector is expected to have gained at the cost of the less formal space during the first quarter of the current financial year

Discoms' projected Rs 90,000 cr loss 'grossly inflated': Power ministry

ICRA in March in an analysis had indicated that discom losses will increase to Rs 90,000 crore in FY21, under a particular scenario

Speculations of discom loss levels at Rs 90,000 cr grossly inflated: Govt

PAT figure for FY20 almost half of the negative Rs 60,000 crore projected by ICRA for FY20, says Ministry of Power

Home textile exporters to clock 20% growth with healthy margins: ICRA

Indian home textile exporters are set to register robust performance during FY2022

India's textile exporters to see 20-25% growth this fiscal: Icra eport

Sharp surge in demand for home improvement products; strong festive demand seen this year backed by favourable vaccination coverage across key markets

Satellite communication user base may rise to 1.5-2 mn by 2025: Icra

The user base of satellite communication in India is expected to increase to about 1.5-2 million by 2025, clocking revenue of nearly Rs 5,000-6,000 crore annually

Subdued revenue spend may hit economic recovery, say economists

Experts say reduction in revenue expenditure may not result in capex rise

Domestic air passenger traffic recovery continued in July, says ICRA

According to the ratings agency, the growth on YoY basis was 132 per cent.

NBFCs sector will see 50-100 bps increase in 90+dpd in FY22: Icra

But the stress will subside subsequently as collection efficiencies improve and restructuring picks up, says rating agency

Rating firm Icra Q1 consolidated net profit surges 43% to Rs 24.34 crore

Rating firm Icra on Wednesday reported a 43 per cent jump in its consolidated net profit to Rs 24.34 crore for the first quarter ended June 30.

AGR case: Telcos' plea rejection does not go well for sector, says Icra

The rejection of telcos' pleas seeking re-calculation of AGR related dues does not bode well for a recovery in the sector

Only half of UDAN routes operational, Covid-19 to hit scheme further: ICRA

The scheme is funded through a Rs 50 levy on flight tickets on major routes

DCM Shriram defies market mood, hits new high; stock up 65% in a month

On June 29, 2021, rating agency ICRA had upgraded term loan and fund based facilities of DCM Shriram to ICRA AA+ from ICRA AA with a stable outlook

GDP to grow in double digits in the first quarter, says ICRA report

The Indian economy will grow in double digits for the April-June period on the low base of 2020-21 but will still be short of the levels observed in the first quarter of FY20, it said.

Brokerages, securities analysis industry good vehicles to ride bull-run

Larger firms garnering market share amidst good growth in industry

42% NBFCs expect over 15% growth in AUM in FY2022, says Icra survey

Around 42 per cent of non-banking financial companies (NBFCs) expect a growth of more than 15 per cent in their asset under management (AUM) in fiscal 2021-22, says an Icra Ratings survey.