Page 28 - Icra

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.

Power demand in India expected to grow 6% for FY22 on YoY basis: Icra

It has also estimated power generation capacity addition at 17- 18 GW for the ongoing fiscal year.

Non-bank financial entities' restructured loans to rise 3.3% by March: ICRA

Covid-19 and lockdowns to slow down its spread have affected the cash flow of borrowers, says agency

Securitisation volumes for NBFCs, HFCs surged to Rs 17,500 cr in Q1: Icra

Securitisation is the process of pooling and repackaging homogenous illiquid financial assets into marketable securities that can be sold to investors.

Securitisation volumes more than double Q1 despite pandemic: Icra

This happened despite the second Covid-19 wave; ratings agency estimates securitisation volumes for FY2022 at more than Rs 1.2 trillion

Overdue loans could spike fresh slippages in H1 of FY22, says Icra

However, restructuring and enhanced funding of Rs 1.5 trillion under government guaranteed credit scheme could provide some relief for lenders

Icra cuts cement, road logistic growth outlook for FY22 due to second wave

Cement volumetric growth seen declining by 10%, road logistics at 6%

ICRA expects 12-14 pc growth for two-wheeler sales this fiscal

Ratings agency ICRA on Thursday maintained its growth forecast for two-wheeler sales at 12-14 per cent for the ongoing fiscal

Second Covid wave derailed hospitality industry recovery: ICRA

The industry was impacted in the first quarter of the ongoing fiscal after two quarters of sequential recovery witnessed in the third and fourth quarter of the previous fiscal

NBFC disbursement to dip by 50-60% in Q1FY22, bad loans set to rise: Icra

However, the sector is expected to post a healthy revival in the latter part of the year

Rise in auto fuels consumption to absorb cuts in cess, says ICRA

ICRA projects the year-on-year (YoY) growth in the consumption of petrol or motor spirit (MS) and high-speed diesel (HSD) in FY2022 at 14 per cent and 10 per cent

Covered bond issuances increase to Rs 2,200 cr in FY21: ICRA report

Domestic covered bond issuances have witnessed a sharp increase to about Rs 2,220 crore in FY2021 as against the issuances of Rs 400 crore seen in the preceding fiscal, said a report by ICRA Ratings. These bonds have been issued so far by non-banking financial corporations (NBFCs), nine in FY2021 compared to two in FY2020. "The covered bonds have seen improved acceptance in the Indian market mainly in H2 FY2021 as it provides a 'dual recourse' benefit to the investor, i.e. the repayment obligation has to be met by the entity and in case of failure to do so, by a pool of assets assigned to a trust," the rating agency said. It said that given the uncertainty on collections due to the pandemic, the protection available to an investor of a covered bond improves when compared with the conventional securitisation of the pool of assets. The domestic market for covered bonds is still in the nascent stages with the first issuance seen in FY2019. This structured product, however, has been a

Covid second wave to result in 25% reduced cement offtake in Q1FY22: ICRA

With most states imposing lockdowns due to the spread of Covid-19 infections to rural regions,

Covid-19 pandemic impact: ICRA downgrades ratings for two MFIs

The rating action factors in the significant increase in delinquencies and the pressure on profitability and growth in light of the Covid-19 pandemic