Announced Thu, 9 Jul · 12:26 IST
CARE reaffirms Faze Three rating, removes negative watch; facility enhanced
FAZE3Q · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.3%1-day move
₹571.65
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.3+4.4-0.3-0.8-0.3+2.3————
Up moveDown movePending
AI summary
CARE Ratings reaffirmed Faze Three's bank facilities of Rs. 280 crore at CARE A; Stable (long-term) and CARE A1 (short-term), removing them from Rating Watch with Negative Implications. Long-term/short-term facility enhanced from Rs. 210 crore to Rs. 240 crore. FY26 revenue grew 34% YoY to Rs. 923 crore, but PBILDT margin fell to 10.12% from 13.03% on US tariff impact. Over 50% revenue comes from US exports.
Likely market impact
Positive signal: removal from negative watch and stable outlook support borrowing costs. US tariff and margin pressure remain key risks.