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FORGOTTEN HISTORY: Icra - The Untold Story

Indian banks' names keep fading from your loan documents

The landscape of retail lending is shifting as non-bank lenders swiftly embrace smaller ticket personal and consumer durable loans. NBFCs and fintech firms are not just leading originations by both volume and value; they are redefining lending opportunities as the economy continues to develop. Banks are still integral, providing necessary…

The Economic Times

India Inc’s revenue growth to moderate to 13-15% in Q2 FY27; margins under pressure: ICRA

India Inc’s revenue growth is expected to moderate to 13-15% in Q2 FY27 from 21.3% in Q1, ICRA said. Higher input costs could squeeze margins, while domestic consumption supports growth and weak global demand pressures export-oriented sectors.

The Economic Times

Dmart owner eyes debt market comeback after 7-year hiatus, bankers say

Avenue Supermarts is preparing to venture into the corporate debt market shortly. The retailer intends to secure around ten billion rupees via bonds with a maximum maturity of three years. Notably, the company last issued bonds back in October 2019. There is significant interest from mutual funds in these investment…

The Economic Times

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Q1 earnings show resilience, but downside risks still loom. HSBC explains why

Indian companies delivered better-than-expected Q1FY27 earnings, with around 70% of firms meeting or beating HSBC’s estimates. Mid- and small-cap companies led growth, while financials drove earnings upgrades. However, HSBC flagged risks of downgrades in coming quarters as elevated commodity prices persist and the benefits of GST cuts and inventory gains…

The Economic Times

Stocks in news: BPCL, HAL, RailTel, Saatvik Green Energy and Samvardhana Motherson

Indian equity benchmarks ended a seven-session losing streak on Thursday, August 20. The NSE Nifty50 closed higher, reclaiming its 50-day exponential moving average. Several companies, including BPCL and HAL, announced significant corporate developments. RailTel Corporation received a work order, and Saatvik Green Energy secured a module supply order. Manipal Health…

The Economic Times

ICRA estimates India's GDP growth at four-quarter low of 7 per cent in April-June

India's GDP growth forecast stands at seven percent for the April-June quarter, marking a four-quarter low and a slowdown from prior growth rates. The industrial sector is projected to expand by seven point seven percent, with agriculture and services also seeing improvements. Overall growth is expected to moderate, yet nominal…

The Economic Times

India Inc revenues jump 22% in June quarter, ICRA says

Corporate India began fiscal year twenty twenty-seven with strong revenue growth. Aggregate revenues for listed companies rose twenty-two percent year-on-year in the June quarter. Profitability remained under pressure, with operating profit margins declining significantly. Excluding the oil sector, performance was considerably stronger with healthy profit growth.

The Economic Times

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Q1 earnings show resilience as demand, cost headwinds prove less severe than expected: ICRA

ICRA said India Inc’s Q1 FY27 earnings began on a stronger-than-expected note, with revenue growth accelerating to 22%. Despite margin pressure from higher commodity costs and weakness in oil refining and IT services, consumption-led sectors remained resilient. Healthy corporate balance sheets, rising capex and improving credit metrics offer support.

The Economic Times

India ready for a premium wealth show while US missiles rattle the world

India's festive shopping season is set to highlight the country's premiumisation boom despite global uncertainty triggered by the US-Iran war. Economists and industry executives say resilient consumer demand, rising household wealth and a rapidly expanding affluent class are driving spending on premium products, from smartphones and luxury homes to automobiles…

The Economic Times

ICRA Q1 Results: Profit rises 32% YoY to Rs 56 crore

ICRA Ltd reported a 32 percent net profit increase for the first quarter. Revenue from operations also saw a significant 31.2 percent year-on-year rise. Healthy growth in ratings and sustained momentum in risk and analytics supported performance. Demand in industries and NBFC segments drove ratings revenue growth. Risk and analytics…

The Economic Times

Alternate fuel penetration in Indian CV industry to touch 40-45% by FY30: ICRA

The rise in EV penetration in the commercial vehicles (CV) industry is led primarily by the bus segment within the M&HCV (medium and heavy commercial vehicle) category, ICRA said.

The Economic Times

Domestic air passenger traffic to rise by 3-6 pc in this fiscal: ICRA

The domestic air travel sector is projected to see a growth of three to six percent in the current fiscal year, while Indian airlines may experience a modest increase of zero to three percent in international traffic. However, the industry faces a concerning net loss estimated between thirty-six and thirty-eight…

The Economic Times

Tractor industry's volume growth likely to moderate to 1-4% in FY27: Icra

Tractor industry volume growth is expected to moderate to one to four percent this fiscal year. This moderation follows a strong growth of twenty-three point five percent in the previous fiscal year. A below-normal monsoon forecast and a high base effect are contributing factors to this slowdown. Recent rainfall data…

The Economic Times

Power transmission projects to face execution risks on land acquisition, regulatory approval challenges: Icra

Power transmission projects face significant execution risks and delays. Land acquisition and regulatory approvals hinder timely project completion. These delays impact renewable energy developers and their financial returns. The sector expects substantial capacity additions by 2032. However, execution challenges persist for future projects.

The Economic Times

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The Economic Times

No smooth landing: ICRA sees Indian airlines' losses widening up to Rs 38,000 crore in FY27

India's aviation sector faces a grim outlook, with ICRA projecting net losses to skyrocket to ₹36,000-38,000 crore in FY27. This sharp revision stems from a weaker rupee, soaring fuel costs, higher aircraft lease rentals, and subdued passenger demand, exacerbated by the West Asian conflict. Airlines are struggling to pass on…

The Economic Times

Vedanta Aluminium shares rise nearly 2% as CLSA initiates Outperform call, sees 18% upside potential. Here's why

Vedanta Aluminium Metal shares surged nearly 2% after CLSA initiated coverage with an 'Outperform' rating and a Rs 540 target price, citing a strong aluminium cycle and operational strengths. The brokerage anticipates backward integration will significantly improve the company's cost position. Robust demand from electrification and constrained supply are expected…

The Economic Times

Indian two-wheeler industry to see moderate growth at 3-5% in FY27: ICRA

India's two-wheeler sector anticipates a modest 3-5% wholesale volume growth in FY27, according to ICRA. While domestic demand and exports remain strong, challenges like a high base, potential weak monsoon, and inflation-driven price hikes could temper expansion. The electric two-wheeler segment, however, continues its impressive surge, capturing significant market share…

The Economic Times

War, oil and El Nino: Triple threat may cut India Inc's profit margins by 150 bps

India Inc faces challenges ahead. Geopolitical tensions in West Asia and El Nino conditions may hurt company profits. Operating profit margins could shrink. Rural demand might be disrupted. Revenue growth is projected to slow down. Companies may face higher costs for imports and fuel. Some sectors show resilience in investment.…

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The Economic Times

Dhan parent Raise Securities posts Rs 905 crore revenue, profit down 20% in FY26

The company had reported net operating income of Rs 795 crore and a profit after tax of Rs 408 crore in FY25. The rating agency attributed the increase in operating expenses in FY26 to elevated marketing spend, team expansion, and one-off non-recurring expenses.

The Economic Times

Domestic tractor wholesale volumes likely to grow at 1-4% in FY27: ICRA

Tractor sales are set for modest growth this fiscal year. However, a below-normal monsoon forecast poses a risk to agricultural output and sales. Despite this, manufacturers' margins are expected to remain healthy. Strong farm cash flows and government support continue to underpin the sector. Industry growth may moderate due to…

The Economic Times

Vedanta Aluminium shares tumble 14% in 3 days since listing. What’s dampening the shine of Vedanta’s new crown jewel?

Vedanta Aluminium shares hit the 5% lower circuit for a third straight session on Wednesday, extending their post-listing decline to 14%. Since debuting at Rs 522 per share on Monday, the stock has shed over Rs 29,000 crore in market value, with its market capitalisation falling from more than Rs…

The Economic Times

Vedanta listing: How billionaire Anil Agarwal's 'Fantastic 5' unlocked Rs 63,500 crore value with mega demerger

Vedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlocking about Rs 63,500 crore in shareholder value. Since the demerger’s April 29 ex-date, investors have gained roughly 22.5%, with the combined market capitalization of the five standalone entities rising from Rs…

The Economic Times

Vedanta Aluminium lists at Rs 527 on BSE after demerger. Is it the group’s new crown jewel?

Vedanta Aluminium Metal shares debuted on Monday at Rs 527 on the BSE. The company's market capitalization reached Rs 2.06 lakh crore. Analysts had predicted a lower debut range. ICICI Direct highlighted Vedanta Aluminium as the most attractive entity within the group. Favorable industry dynamics support its strong performance.

The Economic Times

Vedanta listing: Why its aluminium business is the undisputed crown jewel of the mega 4-way demerger

Four demerged entities of Anil Agarwal-led Vedanta Group are set to begin trading on Monday, with Vedanta Aluminium Metal Ltd (VAML) expected to emerge as the biggest winner. Analysts believe the pure-play aluminium business could see the strongest listing gains, backed by robust fundamentals and favourable industry dynamics.

The Economic Times

Vedanta demerger: Which demerged stock should you buy after their market debut on June 15?

Vedanta's mega demerger sees four new companies listing on June 15. Analysts suggest Vedanta Aluminium Metal as a strong buy due to capacity expansion and robust LME prices. Other demerged entities like Vedanta Power, Oil & Gas, and Iron & Steel are expected to debut as small-cap stocks.

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