Mastodawn

Times of India | 'Extended war could trim companies' profit margins'

AI generated summary, Read the full article for complete information.

According to a Crisil Ratings stress test, prolonged supply‑chain disruptions from the West Asia conflict could shave roughly 200 basis points off Indian companies’ operating profit margins this fiscal year, dropping expected margins from about 12% to around 10%; the scenario, which covers 34 sectors accounting for 65% of rated corporate debt, assumes nine months of disruption and crude oil prices averaging $110 per barrel, yet Crisil expects overall credit quality to remain resilient thanks to strong balance sheets, steady domestic demand and government‑led capital expenditure.

#Crisil

'Extended war could trim companies' profit margins'

MUMBAI: Extended supply chain disruptions from the West Asia conflict could shave around 200 bps (100 bps= 1%) off India Inc's operating profitability this fiscal year, pulling margins down from a pre-conflict expectation of around 12%, according to a stress test by Crisil Ratings.

The Times of India

The Bad Place May 16

Times of India | Petrol, diesel prices up by Rs 3, CNG by Rs 2, further hike likely; no change in piped gas yet

AI generated summary, Read the full article for complete information.

NEW DELHI – Public‑sector oil firms raised petrol and diesel prices by about ₹3 per litre in metros on Friday, a smaller hike than expected, while piped cooking‑gas prices remained unchanged. The increase, which only partly offsets state‑run retailers’ under‑recoveries (estimated at ₹10 per litre for petrol and ₹13 for diesel), comes as crude costs for Indian refiners have jumped 53 % this year and the cost of refined fuels has risen roughly 75 %. Although the government has not ruled out further hikes, any additional rise will require approval and depend on timing. Ratings agencies note that oil marketers have been absorbing daily losses of up to ₹1,000 crore, after previous excise‑duty relief reduced their losses but not eliminated them.

#IndianOil #BharatPetroleum #HindustanPetroleum #Crisil

Petrol, diesel prices up by Rs 3, CNG by Rs 2, further hike likely; no change in piped gas yet

NEW DELHI: Amid mounting losses, public sector oil firms announced the much-anticipated increase in petrol and diesel prices, raising it by around Rs 3 a litre across metros on Friday, which was lower than expected. Piped kitchen gas prices were, however, left unchanged.

The Times of India