Indian corporate credit shows resilience despite global uncertainties: ICRA

September 30, 2025 4:54 PM

Indian corporate credit shows resilience despite global uncertainties: ICRA

Indian corporates have demonstrated remarkable resilience in their credit profiles despite global uncertainties such as tariff disruptions and geopolitical tensions, according to a report by ICRA Ratings released on Tuesday. The report noted that India’s domestic-focused economy helps cushion the impact of higher US tariffs. “Domestic consumption is likely to receive a boost from GST rate rationalisation, income tax relief, rate cuts, and easing food inflation, particularly supporting urban...

India Inc’s operating profit margins likely to rise to 18.5% in Q1 FY26: ICRA report

June 16, 2025 12:57 PM

India Inc’s operating profit margins likely to rise to 18.5% in Q1 FY26: ICRA report

India Inc’s operating profit margins are expected to rise by 10 to 40 basis points to 18.2–18.5% in the first quarter (April–June) of FY2026, continuing the sequential recovery seen over the past few quarters, according to a report released by rating agency ICRA on Monday. "This, coupled with a moderation in interest costs due to the Reserve Bank of India's recent cumulative repo rate cuts of 100 basis points, is expected to improve the interest coverage ratio for India Inc. to around 5.1...

ICRA revises outlook for Indian telecom tower industry to ‘Stable’ on improved liquidity and timely collections

May 19, 2025 12:33 PM

ICRA revises outlook for Indian telecom tower industry to ‘Stable’ on improved liquidity and timely collections

Credit rating agency ICRA has revised the outlook for the Indian telecom tower industry to 'Stable' from 'Negative', following consistent, timely payments from telecom service providers and the clearance' of past dues. The industry had previously been under pressure due to delayed payments, which resulted in elongated receivable cycles and liquidity challenges for tower companies. However, ICRA noted a significant improvement in the payment cycle, with receivable days now reduced to around 45...

India’s IT services firms likely to post 4-6% revenue growth in FY 2026

March 12, 2025 7:53 PM

India’s IT services firms likely to post 4-6% revenue growth in FY 2026

Indian IT services companies are expected to record a moderate 4-6% growth in USD terms in FY 2026, according to an ICRA report released on Wednesday. ICRA anticipates that attrition levels will stabilize around the long-term average of 12-13%. Moreover, hiring is likely to remain low until the growth momentum picks up by the end of FY 2026, the report states. Deal wins for the 15 leading large- and medium-sized listed Indian IT services companies have remained resilient in recent quarters. In...

Domestic air passenger traffic rises 14.5% Year-on-Year, reaches 150.3 lakh in January

February 22, 2025 1:14 PM

Domestic air passenger traffic rises 14.5% Year-on-Year, reaches 150.3 lakh in January

Domestic air passenger traffic in India maintained its upward momentum in January, reaching an estimated 150.3 lakh passengers, according to a report by ICRA. This marks a 0.7% increase compared to December 2024 and a 14.5% jump from January 2024. Notably, January’s passenger traffic also surpassed pre-Covid levels from January 2020 by 17.9%. For the first 10 months of FY25 (April 2024 to January 2025), domestic air passenger traffic totaled 1,372.1 lakh, reflecting a 7.5% year-on-year incre...

India’s economic growth expected to accelerate in Oct-Dec quarter: Report

November 25, 2024 11:29 AM

India’s economic growth expected to accelerate in Oct-Dec quarter: Report

India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024) as positive indicators are emerging with economic activity picking up pace, according to a report by ICRA. The report states that the preliminary data for November indicates a positive trend. The growth in electricity demand has picked up, while festive season demand continues to drive an increase in vehicle registrati...

India’s economic activity growth hits 8-month high in October: report

November 21, 2024 3:05 PM

India’s economic activity growth hits 8-month high in October: report

India’s economic activity growth surged to an eight-month high of 10.1% in October, up from 6.6% in September, despite an unfavorable base effect, according to a report released on Thursday. The growth momentum was driven by the end of the monsoon season, which positively impacted sectors such as mining and electricity. Additionally, strong festive season demand boosted vehicle registrations, fuel consumption, and air travel, while exports witnessed a significant surge, said credit rating age...

India’s installed renewable energy capacity to reach 250 GW by March 2026

November 19, 2024 3:55 PM

India’s installed renewable energy capacity to reach 250 GW by March 2026

The installed renewable energy capacity (including large hydro) in India is projected to reach 250 GW by March 2026, from the level of 201 GW (as of September this year), according to a report on Tuesday. The capacity addition will be driven by the large project pipeline of over 80 GW, following the significant improvement in tendering activity in FY24, according to credit ratings ICRA. Moreover, the tendering activity remained high in the current fiscal, in line with the 50 GW annual bidding ...