Credit metrics of India Inc. to improve in Oct-Dec quarter: ICRA
The interest coverage ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period.
The interest coverage ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period.
Combined capital expenditure of a sample of 13 major state governments is expected to grow 29% year-on-year to Rs 6.2 trillion in FY2024 compared to Rs 4.8 trillion in FY23, it said.
During the financial year 2022-23, the domestic road logistics sector's growth is anticipated to continue due to the rapid expansion of business activities along with the support of robust growth in 2021-22 (FY22), said rating agency Icra recently. A growth rate of 7-9 per cent during FY23 over FY22 was estimated by rating agency Icra.
ICRA said that home-buyers have been leaning towards completed inventory and towards developers with an established track record of on-time
The median tariff revision based on the tariff orders issued so far for 2021-22 is less than one per cent and the subsidy dependence for discoms at all-India level is estimated at Rs. 1.3 lakh crore, for the year, it added.
On a sequential basis, the number of departures in June 2021 was higher by 14-15 per cent as Covid-19 infections demonstrated a downward trajectory, the agency said.
Besides, the rating agency expects a 1-4 per cent YoY growth in domestic tractor volumes in FY22.
While uncertainty continues to persist regarding a possible third wave, ICRA said it continues to maintain a 'stable' outlook for the 2W industry.
Alternatively, the tariff increase required to offset such a module price increase is estimated at about 20-22 paise per unit.
Besides, it has excluded the impact of the release of food subsidy arrears in FY2021, based on the clarification provided by the National Statistical Office (NSO).
