Media Release

Pace of growth of Indian hospitality sector to normalise in FY2026; outlook revised to Stable

Moody’s Ratings and ICRA: Indian corporates remain well-positioned to navigate through tariff and geopolitical challenges

Moody’s Ratings & ICRA: Robust infrastructure demand to propel investment growth

Industry gross direct premium income (GDPI) expected to grow by 8.7% in FY2026 and 10.9% in FY2027, supported by improvement in economic activity, pricing discipline

Gold jewellery consumption to expand by 12-14% in FY2026 in value terms, driven by higher realisations

Revenue from operationsQ4 FY2025 up by 9.8%, FY2025 up by 11.6% Profit after tax (PAT) Q4 FY2025 up by 19.1%; FY2025 up by 12.5% Final dividend recommended Rs. 60 per share

Electricity demand expected to grow by 6.0-6.5% over next five years, driven by electric vehicles, data centres and green hydrogen segments

Sharp increase in recoveries and lower liquidations in Q4 FY2025, albeit with a longer resolution time

Regulatory Tightening Cools Index Options Surge; Signs of Stabilisation Emerge

Outlook for telecom tower industry revised to Stable from Negative with improvement in receivables