May 26, 2024 5:42 PM

For road transport operators, revenue growth expected to double to 9-11% this year

India's road transport fleet operators are set to witness a substantial boost in revenue growth, with projections suggesting it could double to 9-11 percent in the current financial year 2024-25, according to a report by Crisil Ratings. The rating agency's estimates are underpinned by improved domestic demand, despite tepid exports. Additionally, operating margins are anticipated to improve due to better fleet utilization and steady fuel costs. Crisil's analysis indicates that the credit profi...