CARE Ratings' Q3 FY 2025-26 Quarterly Results
- 12 Feb 2026
Result Summary
- CARE Ratings Ltd reported a 16.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 15.6%.
- Its expenses for the quarter were up by 5.7% QoQ and 9.5% YoY.
- The net profit decreased 36.1% QoQ and increased 28.8% YoY.
- The earnings per share (EPS) of CARE Ratings Ltd stood at 11.91 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 125.11 | 148.95 | 108.23 | -16.0% | 15.6% |
Total Expenses | 76.12 | 72.03 | 69.51 | 5.7% | 9.5% |
Profit Before Tax | 48.99 | 76.91 | 38.72 | -36.3% | 26.5% |
Tax | 12.45 | 19.70 | 10.35 | -36.8% | 20.3% |
Profit After Tax | 36.54 | 57.21 | 28.36 | -36.1% | 28.8% |
Earnings Per Share | 11.91 | 18.81 | 9.24 | -36.7% | 28.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
CARE Ratings Ltd is a prominent credit rating agency in India, providing a range of services that include rating bonds, companies, and financial instruments. As a key player in the financial services sector, CARE Ratings offers independent and objective assessments of creditworthiness, which are crucial for investors and other stakeholders in decision-making processes. The company operates within the broader financial services industry, focusing on delivering insights and evaluations that support the Indian financial system's stability and growth. Recent major developments for CARE Ratings have not been provided in the available data, and further details about specific business operations or strategic initiatives are not available in the current dataset.
Revenue
In the third quarter of fiscal year 2026 (Q3FY26), CARE Ratings Ltd reported a total income of ₹125.11 crores. This represents a decrease of 16.0% quarter-over-quarter (QoQ) from the previous quarter's total income of ₹148.95 crores. However, compared to the same quarter in the previous fiscal year (Q3FY25), the total income increased by 15.6%, up from ₹108.23 crores. The year-over-year (YoY) growth indicates a positive trend over the longer term, despite the recent QoQ decline. This fluctuation in revenue could be attributed to various factors affecting the financial services industry, though specifics are not available in the data provided.
Profitability
For Q3FY26, CARE Ratings Ltd achieved a profit before tax (PBT) of ₹48.99 crores, which marks a significant decrease of 36.3% from the previous quarter's PBT of ₹76.91 crores. On a year-over-year basis, the PBT increased by 26.5% from ₹38.72 crores in Q3FY25. The tax expense for the quarter was ₹12.45 crores, decreasing 36.8% QoQ from ₹19.70 crores in Q2FY26, while increasing 20.3% YoY from ₹10.35 crores in Q3FY25. Consequently, the profit after tax (PAT) for Q3FY26 was ₹36.54 crores, reflecting a QoQ decline of 36.1% but a YoY increase of 28.8%. These figures highlight a YoY improvement in profitability despite the QoQ downturn.
Operating Metrics
The earnings per share (EPS) for CARE Ratings Ltd in Q3FY26 was ₹11.91, which reflects a 36.7% decrease from the previous quarter's EPS of ₹18.81. However, there was a 28.9% increase compared to the EPS of ₹9.24 reported in Q3FY25. The operating expenses for the quarter were ₹76.12 crores, showing an increase of 5.7% QoQ from ₹72.03 crores in Q2FY26 and a 9.5% increase YoY from ₹69.51 crores in Q3FY25. These metrics indicate a careful balance between revenue generation and cost management, although there is a notable QoQ rise in expenses that accompanies the decline in both income and profitability metrics for the same period.