Runaya Soars: India Ratings Upgrades to 'A-' as Revenue Rockets 62%

India Ratings has upgraded Runaya's credit rating to 'A-' with a stable outlook, reflecting the company's robust financial performance. The recycling business reported a remarkable 62% year-on-year revenue growth, reaching ₹329 crore in the first nine months of FY25. Runaya's gross interest coverage ratio improved significantly to 8.4x, showcasing strong cash flow generation and disciplined financial management. The company's expansion into minor metal recovery and transition towards 100% renewable energy align with its commitment to environmental sustainability. Naivedya Agarwal, Managing Director of Runaya, hailed the upgrade as validation of the company's strong fundamentals and operational resilience.

 

Sources: CXOtoday, Economic Times, Business Standard