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West Asia peace deal limits India Inc’s profitability hit to 100 bps: Report
Crisil Ratings reports that falling crude oil prices may lessen the profitability hit for India Inc. this fiscal year. The anticipated impact on operating margins is now about 100 basis points, significantly lower than initial estimates.
India Inc profit hit from West Asia tensions to halve if truce holds, Crisil says
Corporate India's profitability impact from the West Asia conflict is now expected to be half of initial fears, with Crisil Ratings predicting a 100-basis-point hit to operating margins in fiscal 2027. This revised outlook follows crude oil price corrections after the Strait of Hormuz reopened. While most sectors anticipate minimal disruption, airlines and specialty chemicals may face continued pressure. Geopolitical risks, however, remain elevated.
West Asia truce eases pressure on India Inc profits, says Crisil
The reopening of the Strait of Hormuz and easing crude prices could significantly reduce the impact of West Asia tensions on India Inc, with Crisil now estimating a 100-basis-point hit to profitability, half its earlier stress-case projection.
NBFCs in demand: CreditAccess, Mah Finance, Chola, L&T Fin rally up to 8%
According to CRISIL, NBFC AUM is expected to grow at a mid-teen rate through FY27, potentially surpassing ₹50 trillion.
Crisil Ratings upgrades ratings of Solara Active Pharma to 'BBB+/A2'
Solara Active Pharma Sciences said that Crisil Ratings has upgraded its ratings on the bank facilities of the company to 'Crisil BBB+/Stable/Crisil A2' from 'Crisil BBB/Stable/Crisil A3+'.
RBI's FCNR push may boost banks' deposit growth: Crisil
Foreign currency deposits are poised for a boost as the RBI removes interest rate caps on certain non-resident accounts until September. This move aims to attract overseas funds, potentially increasing their contribution to bank deposits. While household savings remain key, this diversification offers supplementary support to overall deposit growth, especially as credit expansion outpaces traditional deposit mobilization. This could ease liquidity challenges for banks.
PVC pipe makers' revenue to rise up to 15% despite volume decline, says CRISIL
CRISIL's analysis covers five leading PVC pipe makers with a cumulative revenue of around ₹20,000 crore, accounting for nearly 60% of the organised market's revenue in the last fiscal.
JM Financial backs Inox Wind's growth outlook, retains 'Add'; shares up 4%
CRISIL Ratings withdrew Inox Wind's long-term and short-term ratings at the company's request after placing them on 'Rating Watch with Developing Implications' following recent acquisitions
India Diversifies LPG Imports During West Asia Conflict As OMCs Absorb Price Shock
Crisil said the conflict also triggered a sharp increase in global LPG prices. The Saudi Aramco Contract Price, the benchmark for Indian imports, rose 46 per cent between February and June as markets priced in supply risks and elevated freight costs.
Brent crude expected at USD 90-95/barrel, raising India's CAD risk: Crisil
India's current account deficit is projected to widen significantly. Higher crude oil prices are expected to drive this increase. This will put pressure on the economy. Experts anticipate Brent crude to average between USD 90-95 per barrel this fiscal. This is a substantial rise from previous levels. The deficit is forecast to reach 2.2 percent of GDP.
Spandana Sphoorty ends sharply higher after Crisil reaffirms ratings at 'BBB+' with 'stable' outlook
Spandana Sphoorty Financial (SSFL) surged 5.15% to Rs 256.10 after Crisil Ratings reaffirmed its rating on the long-term bank facilities of the company at 'Crisil BBB+/Stable'.
Ashoka Buildcon shares soar 14% on project win, CRISIL rating update
The company has received a Letter of Acceptance for the development of a Gems & Jewellery Park under the Public Private Partnership (PPP) mode at Raipur, Chhattisgarh