The ongoing liquidity crisis in the non-banking financial company (NBFC) segment and jitters from implementation of the Real Estate (Regulation and Development) Act, 2016, have taken a toll on smaller residential developers.
Firmer fares and strong passenger-traffic growth are estimated to propel the earnings before Interest, tax, depreciation, amortisation and lease rentals (EBITDAR) margin of India’s low-cost carriers (LCCs) to 24-25% this fiscal, compared with 15-16% in the last.
CRISIL expects cement demand growth to witness a mid-cycle slowdown to 5-5.5% on-year this fiscal, down sharply from 12% in fiscal 2019. Growth would be lower compared with even fiscal 2018, when it had printed 9%.
Analytica