GK Energy credit rating upgraded by Infomerics
GKENERGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Infomerics upgraded GK Energy credit ratings on bank facilities worth Rs 300 crore. Long-term rating moved from BBB to BBB+ with stable outlook, and short-term rating moved from A3+ to A2. The upgrade reflects 166 percent revenue growth to Rs 1,094.83 crore in FY25, improved EBITDA margins at 18.30 percent, and a healthy order book of Rs 863.98 crore.
Positive for shareholders; signals stronger financial health and improved lender confidence.