icra

Mumbai: The Red Sea crisis is likely to hit auto components industry margins in the coming quarters amid higher container rates and shipping times, credit rating agency ICRA said on Thursday, projecting moderate growth for the industry in this fiscal year.According to the rating agency, about...

ICRA has maintained a “stable outlook” for the Indian aviation industry amid the continued recovery in domestic and international passenger air traffic, with a relatively stable cost environment and expectations for the trend to continue in fiscal 2025, according to the report.Additionally...

New Delhi, The cement sector has witnessed a moderate growth of 2-3 per cent in the first quarter of the current fiscal year due to a slowdown in construction activity due to the Lok Sabha polls, according to a report by the Icra rating agency.However, overall volumes for fiscal 2024-25 are...

New Delhi, The latest telecom tariff hikes announced by telecom companies may generate additional operating profits of around Rs 20,000 crore for the industry once fully absorbed, ICRA said on Friday.With improved financial metrics, the industry will have scope to undertake deleveraging as...

Bharti Airtel and Reliance Jio are likely to see significant gains in average revenue per user (ARPU) following the tariff hike. Vodafone Idea has not implemented mobile tariff hike yet."This will result in an increase in profit generation, giving the industry scope to undertake capital...

New Delhi, thermal plant load factor or capacity utilization is expected to remain healthy at 70 per cent in fiscal 2025 on the back of 6 per cent power demand growth, ICRA said on Thursday.ICRA's outlook for the thermal power segment is 'Stable', following improvement in thermal plant load...

The investment is expected to create 200,000 jobs in sectors such as semiconductors, solar modules and pharmaceutical intermediates.Rating agency ICRA expects that in the near to medium term, private capital expenditure will be driven by a general increase in macroeconomic activity as well as...

Credit agency ICRA estimates that spending on transport infrastructure projects, including roads, ports and airports, will increase in the coming years, benefiting from solid government support, rising capital outlays and a large pipeline of projects.The government has planned huge capital...

New Delhi: ICRA on Friday said the new government will continue its focus on the infrastructure sector with higher spending on railways, roads and water.Narendra Modi will take over as Prime Minister of India for the third consecutive time, but with a lower than expected election victory...

MUMBAI: Domestic air passenger traffic rose 5.1 per cent year-on-year to an estimated 138.9 million in May and is nearly 14 per cent higher than pre-Covid levels, credit rating agency Icra said on Thursday.ICRA also said the outlook for the Indian aviation industry remains stable amid a...

Mumbai (Maharashtra) [India], ICRA has upgraded the long-term rating of Aden Total Gas Limited (ATGL), formerly known as Adani Gas Limited, to T[ICRA]AA (Stable), while ICRA The short-term rating has been affirmed as per. This upgrade is attributed to ATGL's improved financial risk profile...

New Delhi, Vedanta on Thursday said ICRA has given A1+ rating to the company's Rs 2,500 crore commercial paper, citing several positives.The company said ICRA highlighted Vedanta's diverse product portfolio and good market share while assigning the rating.A1+ is the highest rating in the...

New Delhi: The general insurance industry is expected to earn gross direct premium income (GDPI) of Rs 3.7 lakh crore by FY2026, up 32 per cent from Rs 2.8 lakh crore in FY24, a report said. .ICRA said in a report that the growth of private insurance companies is expected to be strong and the...

New Delhi, ICRA on Thursday reported 22 per cent rise in net profit to Rs 47.06 crore in the March 2024 quarter.The domestic rating agency had a consolidated profit after tax of Rs 38.63 crore in the March quarter of FY 2022-23.Consolidated revenue from operations rose 13.7 per cent to Rs...

New Delhi: Rating agency ICRA on Thursday said targeted monetization of state-owned NHAI's road assets could fetch the government up to Rs 60,000 crore in the current financial year.In April 2024, the National Highways Authority of India (NHAI) had released an indicative list of 33 road assets...

ICRA also hopes that the Ministry of Road Transport and Highways (MoRTH) can achieve up to 71 per cent of the monetization target of Rs. Rs 1.6 lakh crore under the National Monetization Pipeline by the end of FY 2025.In April 2024, the National Highways Authority of India (NHAI) released an...

New Delhi, Icra on Wednesday said profits from 38 critical minera blocks put up for sale are unlikely to be realized in the current decade ending 2030 as the mines have not been fully explored.“The early stage of exploration for most of the domestic blocks currently being auctioned suggests...

New Delhi, Domestic rating agency ICRA on Tuesday estimated that India's GDP growth rate will decline to a four-quarter low of 6.7 percent in the March quarter of FY 2023-2.For the entire 2023-24 financial year, ICRA estimates GDP growth rate to be 7.8 per cent.The Indian economy grew at 8.2...

ICRA said passenger traffic had already reached 376.4 million (+15 per cent YoY) in FY2024, 10 per cent higher than pre-Covid levels.ICRA's sample set revenues are likely to grow around 15-17 per cent year-on-year in FY2025.Giving further details, Vinay Kumar G, Vice President and Sector...

According to ICRA Analytics, the growth of AAUM indicates a growing appetite to invest in mutual funds among investors from smaller cities and towns.“The share of North-Eastern states in the total AAUM of the mutual fund industry increased to 0.73 per cent, at Rs 55.01 lakh crore in March...