ICRA's Q4 FY 2025-26 Quarterly Results

Result Summary

• ICRA Ltd reported a 5.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Mar (Q4 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 20.5%.
• Its expenses for the quarter were down by 0.9% QoQ and up 40.4% YoY.
• The net profit increased 34.9% QoQ and decreased 5.9% YoY.
• The earnings per share (EPS) of ICRA Ltd stood at 54.43 during Q4 FY 2025-26.

Financial Statments for Q4 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 renowned credit rating agency in India, primarily engaged in providing credit risk ratings and research services. The company is a subsidiary of Moody's Investors Service, a globally recognized leader in credit ratings. ICRA's services extend to various sectors, including banks, financial institutions, and corporate entities, offering insights into credit quality and financial stability. This enables investors and stakeholders to make informed decisions. At the forefront of financial analysis and risk management, ICRA plays a vital role in the Indian financial markets. The company is known for its comprehensive methodologies and rigorous analysis, contributing significantly to the transparency and efficiency of the financial sector. As of the latest updates, there are no specific recent major developments publicly available.

Revenue

In the fourth quarter of the financial year 2026 (Q4FY26), ICRA Ltd reported a total income of ₹189.03 crores. This marks a 5.5% increase quarter-over-quarter (QoQ) from the ₹179.16 crores reported in Q3FY26. Compared to the same period in the previous year (Q4FY25), where the total income was ₹156.84 crores, there is a year-over-year (YoY) growth of 20.5%. The revenue growth highlights the company's ability to generate higher income consistently over both the quarterly and annual periods.

Profitability

For Q4FY26, ICRA Ltd's profit before tax (PBT) stood at ₹72.80 crores, which is a 32.6% increase QoQ from the ₹54.91 crores in Q3FY26. However, this represents a slight decline of 1.7% YoY compared to ₹74.06 crores in Q4FY25. The tax expenses for the quarter were ₹20.11 crores, up 26.9% QoQ from ₹15.85 crores in the previous quarter, and an 11.3% rise YoY from ₹18.07 crores in Q4FY25. The profit after tax (PAT) for Q4FY26 was ₹52.69 crores, reflecting a 34.9% increase QoQ from ₹39.06 crores, but a 5.9% decrease YoY from ₹55.99 crores in Q4FY25. The earnings per share (EPS) for the quarter were ₹54.43, showing a 35.2% QoQ increase from ₹40.27, while YoY it decreased by 5.9% from ₹57.86.

Operating Metrics

ICRA Ltd's total expenses for Q4FY26 were ₹116.23 crores, a slight decrease of 0.9% QoQ from ₹117.34 crores in Q3FY26. However, compared to Q4FY25, there was a significant rise of 40.4% from ₹82.77 crores. Despite the increase in expenses on a year-over-year basis, the company managed to achieve substantial revenue growth, indicating effective management of operating costs relative to income generation. These figures reflect the company's operational efficiency and cost management strategies over the analyzed period.