Announced Fri, 3 Jul · 18:28 IST
CARE Ratings reaffirms Birla Corporation's AA rating with Stable outlook
Credit & Debt View source PDF
BIRLACORPN · price
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Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹979.65
prior close
₹983.00
base price
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AI summary
CARE Ratings has reaffirmed Birla Corporation's credit ratings on bank facilities and non-convertible debentures at CARE AA with Stable outlook (CARE A1+ for short-term). Facilities rated total about Rs 1,586 crore. FY26 financials improved with revenue of Rs 9,662 crore (up 5 percent year on year) and PAT of Rs 563 crore. Gearing improved to 0.75x from 0.83x. Outlook remains Stable despite planned capex of Rs 4,300 to Rs 4,500 crore over FY27 to FY29.
Likely market impact
Reaffirmation of AA Stable rating reflects strong financial profile; positive for borrowing costs and shareholder confidence.