Air passenger growth is expected to decline this fiscal to ~3% from 12% in fiscal 2019, owing to the grounding of Jet Airways. Between April and October 2019, growth slowed to 1% on-year, but this should rebound to ~11% next fiscal, helped by the low-base effect.
Nearly 3 GW of solar projects, worth Rs 16,000 crore, could be at risk of penalties for missing their respective scheduled commercial operation date (SCOD) if the impact of Coronavirus on trade with China prolongs, a CRISIL analysis shows.
Potential stress in non-bank wholesale book well above reported NPAs
Non-performing assets (NPAs), measured as 90+ days past due (dpd) for non-banks (comprising non-banking finance companies (NBFC) and housing finance companies, but excluding government-owned NBFCs), are expected to continue to rise by another 30 to 150 basis points (bps) by March 2020, depending on the asset class.
Organised jewellery retailers stare at halving of revenue growth
Revenue growth of organised jewellery retailers is set to slide 500-600 basis points (bps) to 5-6% over fiscals 2020 and 2021, following triple headwinds of higher import duty, elevated gold prices, and sluggish demand.