ICRA's Q3 FY 2025-26 Quarterly Results

Result Summary

• ICRA Ltd reported a 13.8% quarter-on-quarter (QoQ) increase 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 28.2%.
• Its expenses for the quarter were up by 26.0% QoQ and 39.7% YoY.
• The net profit decreased 18.7% QoQ and decreased 7.5% YoY.
• The earnings per share (EPS) of ICRA Ltd stood at 40.27 during Q3 FY 2025-26.

Financial Statments for Q3 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

ICRA Ltd is a prominent credit rating agency in India, providing a range of services that include credit ratings, research, risk management, and advisory services. The company operates within the financial services industry. ICRA Ltd is a part of the global credit ratings agency Moody's Investors Service, which holds a significant stake in the company. This connection enhances its credibility and reach in the Indian market. ICRA's services are crucial for financial markets as they help investors make informed decisions about creditworthiness and risk. As of the most recent updates, there are no major developments available from the data provided.

Revenue

In Q3FY26, ICRA Ltd reported a total income of ₹179.16 crores. This represents a 13.8% increase compared to the previous quarter (Q2FY26), which saw a total income of ₹157.49 crores. Compared to the same quarter in the previous year (Q3FY25), where the total income was ₹139.73 crores, there is a 28.2% year-over-year growth. This data suggests a positive revenue trend over both the quarter-over-quarter and year-over-year periods.

Profitability

The company's profitability metrics show a decrease in the third quarter of FY26. The Profit Before Tax (PBT) was ₹54.91 crores, which is a 14.7% decline compared to the previous quarter's ₹64.37 crores. Year-over-year, there was a slight decrease of 1.5% from Q3FY25's PBT of ₹55.75 crores. The Profit After Tax (PAT) also saw a decline to ₹39.06 crores, representing an 18.7% decrease quarter-over-quarter and a 7.5% decrease year-over-year. Earnings Per Share (EPS) followed a similar trend, decreasing by 18.8% from the previous quarter and 7.7% from the previous year, with the current EPS at ₹40.27.

Operating Metrics

Total expenses in Q3FY26 were reported at ₹117.34 crores, marking a 26.0% increase from the previous quarter's expenses of ₹93.13 crores and a 39.7% increase from Q3FY25's expenses of ₹83.97 crores. This rise in expenses is notable when compared to the revenue growth, highlighting an area of increased operational cost. The tax expense for Q3FY26 was ₹15.85 crores, showing a slight decrease of 3.1% from the previous quarter's tax expense of ₹16.35 crores, but a 17.1% increase from the previous year's Q3 tax of ₹13.53 crores. These metrics indicate significant changes in the company's operational environment over the analyzed periods.