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Indian companies with strong cash flows and credit profiles will remain resilient despite the rupee's 5% decline against the US dollar in the last two years, according to Moody's. Only six out of 23 rated firms may face risks, but they possess mitigating factors like government ties, natural hedges, and active debt management to offset the impact.
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Associated Alcohols and Breweries (AABL) outperformed market volatility, gaining 27% in three months. The companys focus on premium products, expanded proprietary brands, and new markets supports analysts forecast of 26% revenue and 40% profit growth by FY27.
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Spandana Sphoorty Financial posted a 440 crore net loss in Q3 FY24, its second consecutive quarterly loss, driven by 626 crore bad loan write-offs and higher provisions. Regulatory exemptions and lender discussions continue amid covenant breaches.
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News and Media
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