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india inc: Credit metrics of India Inc likely to improve to 4.5-5 times in Q3 FY24: Icra

Icra s analysis of the second quarter of 2023-24 performance of 601 listed companies (excluding financial sector entities) revealed improved operating profit margins (OPM), increasing by 398 bps and 64 bps on a year-on-year and sequential basis, respectively, it said. ....

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India Inc: India Inc set to show further improvement in credit metrics in Q2: Report

India Inc s credit metrics are expected to show further improvement in the September quarter, driven by factors such as softening commodity prices, price hikes by companies, and anticipation of favorable demand, according to Icra Ratings. The agency predicts that the interest coverage ratio will improve to 4.5-5 times in Q3 from 4.5 times in Q2. ....

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