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Sri Dhanalakshmi Cotton & Rice Mills Pvt. Ltd. has had its long-term rating reaffirmed at [ICRA]A with a revised outlook from Stable to Negative due to expected earnings pressure in FY2024 following a 33% revenue contraction in FY2023. Despite anticipated revenue recovery of 35-45% in FY2024, low operating margins and challenges in the oil division are expected to impact cash flows. The company

Author

Ramprasad Banothu

Language

EN