Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
Coal
January 6, 2023

Hike In Coal Prices Affecting Margins For Domestic Base Metal Players: ICRA

Urvi Srivastava Financial Reporting coal, ICRA, METAL, price

 Citing elevated prices of coal and metal price corrections as the headwinds affect margins, Icra stated that the agency has revised its estimates to 18 per cent of operating profitability of domestic players downward in the current fiscal year

The rating agency Icra on Thursday said that the earnings of coal will continue to have a severe impact on the margins of domestic base metal players. The earnings of the primary base metal industry would remain under pressure in the second half of the current financial year. Citing elevated prices of coal and metal price corrections as the headwinds affect margins, Icra stated that the agency has revised its estimates to 18 per cent of operating profitability of domestic players downward in the current fiscal year. 

Compared to the forecast of operating profitability for domestic players done in September last year, the agency noted that it was nearly three percentage points lower, whereas, in comparison to the fiscal year 2022, the forecast was 10 percentage points lower. Group Head, Corporate Sector Ratings, ICRA, Jayanta Roy said that some relief is expected in the fiscal year 2024 from better availability of coal linkages, the profitability is expected to stay range-bound at 19-20 per cent. 

Avatar

Urvi Shrivastav

→ Urvi Shrivastav

India’s GDP To Reach At $20 Trn; Per Capita Income To $10k By 2047: Bibek Debroy Google To Challenge CCI Ruling At SC: Reports

Related Posts

Mayank

Financial Reporting

Synergizing finance, strategy and management: The multipronged role of today’s CFO

NEC

Financial Reporting

NEC Corporation elevates India CFO Mayank Khandelwal to Head of Finance for Global Regional Headquarters and Country Affiliates

Screenshot 2023-04-18 190754

Financial Reporting

Ramesh Bafna Appointed As The New CFO Of Zepto; Succeeding Jitendra Nagpal

Selected Stories

  • MayankSynergizing finance, strategy and management: The multipronged role of today’s CFO

    Read more

  • NECNEC Corporation elevates India CFO Mayank Khandelwal to Head of Finance for Global Regional Headquarters and Country Affiliates

    Read more

  • Screenshot 2023-04-18 190754Ramesh Bafna Appointed As The New CFO Of Zepto; Succeeding Jitendra Nagpal

    Read more

  • Screenshot 2023-03-28 180755Infobip appoints Richard Kraska as Chief Financial Officer

    Read more

  • 1494568857_NoPMEQ_CFO-470CFO – From ‘Finance’ To ‘Futuristic’

    Read more

Movements

  • Screenshot 2023-03-28 180755Infobip appoints Richard Kraska as Chief Financial Officer
  • zUah2lDb_400x400Deloitte India Named Romal Shetty As CEO For Four-Year Term
  • cfo imageVishnuhari Pareek Named As Head Of Finance At Arkam Ventures
  • thumbnail_Sidharth1Siddharth Sehgal Is New CFO Of BeatO
  • Business men giving a handshake. Business conceptRamamurthy Becomes MD, CEO of BSE, SEBI approves appointment

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.