Latest news with #RahulGuha
Time of India
14 hours ago
- Health
- Time of India
Thyrocare, Modern Diagnostic Center Open Diagnostic Lab in Srinagar
India: Thyrocare has launched its 33rd diagnostic laboratory in Srinagar, Kashmir, in partnership with Modern Diagnostic Center . The facility was inaugurated by Dr. Farooq Abdullah, Former Chief Minister and President of the Jammu and Kashmir National Conference. According to the company, the new lab is equipped with advanced technologies and staffed by trained personnel to support both routine and specialized diagnostic testing . The facility is intended to expand access to diagnostic services in the region. Commenting on the development, Rahul Guha, MD and CEO, Thyrocare, said, 'As we strengthen our presence in Jammu and Kashmir, we are not only bridging the diagnostic gaps but also advancing a tech-driven infrastructure that puts patients first- ensuring timely, secure, and affordable care for all.' Dr. Preet Kaur, Vice President, Lab Operations, Thyrocare added, 'Our laboratories nationwide have been instrumental in standardising diagnostic services and making them accessible to every patient. This facility will be no different- with advanced testing infrastructure, faster results and greater diagnostic accuracy .'
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Business Standard
4 days ago
- Business
- Business Standard
Emerging diversified construction firms set for stable FY26 growth: Crisil
Healthy order books, driven by the timely execution of projects, supporting their credentials, have resulted in the continued scale-up of operations, it said Press Trust of India New Delhi Emerging diversified construction firms are expected to witness stable growth in 2025-26, with revenues projected to rise by 9-11 per cent, Crisil Ratings said on Tuesday. Healthy order books, driven by the timely execution of projects, supporting their credentials, have resulted in the continued scale-up of operations, it said. "Emerging diversified construction companies will continue to see steady growth this fiscal, with revenues growing 9-11 per cent compared with a 15 per cent compounded annual growth rate in the five fiscals through 2025," it said in a statement. However, limited ability to pass on the impact of sharp commodity price fluctuations and stronger competition will limit the operating margins to 10-11 per cent. While the working capital requirements of emerging construction companies will be higher on-year, it will be funded mainly by better cash flows and risk management practices, thus limiting fund-based working capital bank borrowings. Timely execution of a sizeable order book will also entail debt-funded capex for equipment purchases. Nevertheless, strong cash flows will ensure leverage levels are under control, thereby supporting the credit profiles of companies. An analysis of 200 emerging diversified construction companies, with estimated aggregate revenue of Rs 1 lakh crore last fiscal-about a tenth of the country's total infrastructure spend-indicates as much. "The government's thrust on infrastructure and better access to funding continue to support the growth of emerging corporates in the diversified construction industry. Diversity in the order book should enable these players to log another year of steady revenue growth. However, profitability will remain flat on-year as competition within the segment intensifies and subcontracting charges remain in check," Crisil Ratings Senior Director Rahul Guha said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
4 days ago
- Business
- Time of India
Emerging construction firms to post steady 9–11% revenue growth in FY26: Crisil
Emerging diversified construction firms are expected to witness stable growth in 2025-26, with revenues projected to rise by 9-11 per cent, Crisil Ratings said on Tuesday. Healthy order books, driven by the timely execution of projects, supporting their credentials, have resulted in the continued scale-up of operations, it said. "Emerging diversified construction companies will continue to see steady growth this fiscal, with revenues growing 9-11 per cent compared with a 15 per cent compounded annual growth rate in the five fiscals through 2025," it said in a statement. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo Also Read: Godrej Properties acquires 14-acre land in Pune to build housing project worth Rs 4,200 cr However, limited ability to pass on the impact of sharp commodity price fluctuations and stronger competition will limit the operating margins to 10-11 per cent. While the working capital requirements of emerging construction companies will be higher on-year, it will be funded mainly by better cash flows and risk management practices, thus limiting fund-based working capital bank borrowings. Live Events Timely execution of a sizeable order book will also entail debt-funded capex for equipment purchases. Nevertheless, strong cash flows will ensure leverage levels are under control, thereby supporting the credit profiles of companies. An analysis of 200 emerging diversified construction companies, with estimated aggregate revenue of Rs 1 lakh crore last fiscal-about a tenth of the country's total infrastructure spend-indicates as much. "The government's thrust on infrastructure and better access to funding continue to support the growth of emerging corporates in the diversified construction industry. Diversity in the order book should enable these players to log another year of steady revenue growth . However, profitability will remain flat on-year as competition within the segment intensifies and subcontracting charges remain in check," Crisil Ratings Senior Director Rahul Guha said.
Hans India
4 days ago
- Business
- Hans India
India's emerging diversified construction firms' revenues to grow 9-11 pc this fiscal
India's emerging diversified construction companies are expected to see steady growth in the current fiscal, with revenues likely to rise by 9–11 per cent, a new report said on Tuesday. This follows a strong run over the past five years, during which these companies saw an average annual revenue growth of around 15 per cent, according to data compiled by Crisil Ratings. Rahul Guha, Senior Director at Crisil Ratings, noted that government focus on infrastructure and improved access to funding are supporting the sector's growth. 'Diversity in order books should enable these players to log another year of steady revenue growth,' he said. However, profitability will remain flat on-year as competition within the segment intensifies, Guha added. Himank Sharma, Director at Crisil Ratings, added that although these companies are investing in equipment and facing higher working capital needs, their balance sheets remain strong and credit profiles stable. The growth is being driven by a healthy pipeline of projects and the timely execution of orders, which has helped companies build a solid track record and expand their operations. An analysis of around 200 such companies, which together earned about Rs 1 lakh crore last fiscal --roughly 10 per cent of India's total infrastructure spend -- shows the sector remains on a stable footing. The order books of these companies remain strong, with a backlog that is about twice the size of their expected revenues for fiscal 2025. These orders are spread across multiple sectors, including civil construction and urban infrastructure (40 per cent), roads (34 per cent), railways (12 per cent), and water projects (10 per cent). This diversification is helping companies reduce their reliance on any one sector, especially at a time when new road project awards have slowed, the report said. In the roads sector, companies have increased their presence in both engineering, procurement and construction (EPC) and hybrid annuity model (HAM) projects over the last two years. At the same time, more government spending on railways, buildings, and urban development projects has provided fresh growth opportunities and helped balance their project portfolios.
Business Mayor
04-05-2025
- Business
- Business Mayor
US tariffs to erode Indian diamond export revenues, warns Crisil
A Crisil Ratings analysis of 43 diamantaires accounting for nearly one-fourth of the industry revenues, has indicated that 10 per cent additional tariff levied by the US, which accounts for nearly a third of Indian natural diamond exports, will exacerbate the impact on Indian diamantaires from already-subdued demand and intensifying competition from lab-grown diamonds diamonds (LGDs), which closely resemble natural diamonds and cost much less. In the milieu, export revenues of diamantaires will decline by 8-10 per cent in fiscal 2026. That said, calibrated inventory management across the value chain will support realisations, thus helping reduce the decline in export revenues, and limit the erosion of operating margins, helping contain the players' financial leverage and credit metrics. In fiscal 2025, the export volumes of natural diamonds remained constrained by lower demand from China and competition from LGD in the US. Although polishers pushed sales in the fourth quarter to avoid tariffs, and price erosion was limited, revenues from natural diamond exports fell 17 per cent to USD 13.3 billion. Says Rahul Guha, Senior Director, Crisil Ratings, 'This fiscal, realisations on natural diamonds are poised to rebound 3-4 per cent amid limited inventory across the value chain as diamantaires are aligning their rough purchases with visibility in sales of polished diamonds. Additionally, production cuts by miners will curtail price erosion. This contrasts with LGD, whose prices may reduce from a tenth of the price of natural diamonds last fiscal to a twelfth in the current fiscal, resulting in a wider price gap between natural diamonds and LGD.' The rising price gap, in turn, could shave a further 12-14 per cent off natural diamond export volumes, marking a third consecutive year of weak demand after an aggregate degrowth of 32 per cent in the last two fiscals. That will make it difficult for the natural diamond polishers to pass on any tariff-led price hikes to customers. For the record, India will remain the primary port of call for polishing diamonds. Says Himank Sharma, Director, Crisil Ratings, 'Natural diamond polishers, traditionally operating at thin margins of 4-5%, will have limited ability to absorb the tariff-induced price rise. As a result, miners and retailers may need to step in to absorb some of the price shocks. Consequently, we believe the operating margins of polishers may dip 20-30 basis points to 4.3-4.5 per cent this fiscal.' Credit profiles of diamantaires might witness some working capital respite as weak demand will lead to a further 5-7 per cent cut in inventory levels across the value chain (after a 10-15 per cent decline last fiscal). This will limit the need for debt-funded working capital, although receivables from export customers will remain monitorable amid tepid demand, geopolitical issues and global uncertainties. As a result, diamantaires' financial leverage – total outside liabilities to adjusted networth – and interest coverage will remain rangebound at ~0.8 time and ~2.5 times, respectively, this fiscal.
