According to CRISIL Ratings, local edible palm oil refiners' revenues should increase by almost a tenth this fiscal year due to stable demand and increasing realisations. Due to favorable prices and the continuation of duty-free imports, operating profitability is predicted to increase by 40–50 basis points (bps) to approximately 3.5%. In the medium run, palm oil refiners' credit risk profiles will remain steady due to their robust balance sheets and lack of significant debt-funded capital expenditure (capex). This is supported by a study of nine CRISIL-rated companies, which together generate around ₹75,000 crore, or one-third of industry revenue.https://www.tradologie.com/lp/news/detail/crisil-study-steady-demand-and-higher-realisations-to-boost-revenues-for-edible-oil-palm-refiners