ICRA downgrades ratings of Shapoorji Pallonji to BBB+, places it on watch
ICRA has downgraded the ratings of Shapoorji Pallonji and Company to BBB+ from A- and placed it on rating watch with developing implications.05-05-2023
ICRA downgrades ratings of Shapoorji Pallonji to BBB+, places it on watch
ICRA has downgraded the ratings of Shapoorji Pallonji and Company to BBB+ from A- and placed it on rating watch with developing implications.Road construction to witness 16-21% growth in FY24 ahead of general election: ICRA
ICRA projects the toll collection growth to be 6-9 per cent in FY24, primarily supported by a 4-5 per cent growth in trafficShare of market borrowings in funding states' deficit to continue to decline: ICRA
75 per cent of the target fiscal deficit would be funded by net market borrowings, implying net issuances of Rs 6.7 lakh crore, the agency saidICRA LTD. - 532835 - Board Meeting Intimation for The Audited Financial Results (Standalone & Consolidated) Of The Company For The Quarter And Year Ended March 31, 2023 And To Recommend Dividend, If Any, On The Equity Shares Of The Company For The Financial Year 2022-23
ICRA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/05/2023 ,inter alia, to consider and approve the audited financial results (standalone & consolidated) of the Company for the quarter and year ended March 31, 2023 and to recommend dividend, if any, on the equity shares of the Company for the financial year 2022-23Ratings firm Icra expects tyre sector revenues to grow by 7-9% in FY24
Ratings firm Icra on Thursday said it expects a revenue growth of 7-9 per cent for tyre industry in the current fiscal. The rating agency pegs the domestic tyre demand growth at 6-8 per cent for FY2024, supported by stable growth in the replacement segment and sustained demand momentum in the OEM segment, Icra said in a statement. The rating agency noted that it expects the demand momentum in the OEM (Original Equipment Manufacturer) segment to continue in FY2024 with an estimated growth of 8-10 per cent. Replacement demand, which forms around two-thirds of tyre demand, is likely to witness mid-single digit growth in FY2024, it added. "ICRA projects a 7-9 per cent growth in industry revenues for FY2024 with domestic growth outpacing exports," Icra Assistant Vice President and Sector Head Nithya Debbadi said. Segment-wise, commercial vehicles shall benefit from the increasing traction in the infrastructure and construction segments, she added. Strong underlying demand and preferenProject completion slows down in March quarter
Value of projects completed dips to 7-quarter low of 1.2 lakh crore, says ICRAChola Investment's maiden NCD issue opens; Effective yield upto 8.40% p.a
The NCDs have been rated IND AA+/Stable by India Ratings & Research and AA+ (Stable) by ICRAQSR stocks look poised for healthy growth in long term, but should you bet on them for short term?
Rating agency ICRA believes that the top five players in the domestic QSR industry may add about 2,300 stores between the financial years 2023 to 2025 with an estimated capex at around 5,800 crore.ICRA LTD. - 532835 - Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Company ICRA LTD. 2 CIN NO. L74999DL1991PLC042749 3 Report filed for FY 2022-2023 Details of the Current block (all figures in Rs crore): 4 2 - year block period (Specify financial years)* FY2021-22 and 2022-23 5 Incremental borrowing done in FY (T)(a) 0.00 6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00 7 Actual borrowing done through debt securities in FY (T)(c) 0.00 8 Shortfall in the borrowing through debt securities, if any, for FY (T - 1) carried forward to FY (T) (d) 0 8Quantum of (d), which has been met from (c)(e)* 0 9 Shortfall, if any, in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative, write 'nil'}* 0 Details of penalty to be paid, if any, in respect to previous block (all figures in Rs crore): 2 - year Block period (Specify financial years)FY2021-22 and 2022-23 Amount of fine to be paid for the block, if applicable Fine = 0.2% of {(d) - (e)}#0.00 Name of the Company Secretary :-S Shakeb RahmanDesignation :-Company Secretary and Compliance Officer Name of the Chief Financial Officer :- Venkatesh Viswanathan Designation : -Group Chief Financial Officer Date: 20/04/2023Icra projects 20-25% growth for quick-service restaurant industry in FY24
India's quick service restaurant industry is likely to witness 20-25 pc growth in the current financial year supported by demand uptick and increasing penetration driven by a rapid expansion of stores. Over the long-term, revenue growth shall be supported by factors like rising QSR penetration levels, a shift from the unorganised to the organised segment with a preference for branded quick service restaurant (QSR) players, given the hygiene and convenience factors (delivery over dine-in), etc, ICRA said. "On the back of a robust industry revenue expansion of around 30-35 per cent in YoY terms estimated for FY2023, ICRA projects growth to moderate somewhat while remaining strong at 20-25 per cent in FY2024 on account of the demand uptick and increasing penetration driven by a rapid expansion of stores," the rating agency said. However, downside risks to the estimates remain from the emergence of any further Covid waves or any material weakening in purchasing power due to a high...