ICRA's Q2 FY 2025-26 Quarterly Results

Result Summary

• ICRA Ltd reported a 5.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 7.7%.
• Its expenses for the quarter were up by 2.9% QoQ and 4.4% YoY.
• The net profit increased 12.3% QoQ and increased 29.4% YoY.
• The earnings per share (EPS) of ICRA Ltd stood at 49.57 during Q2 FY 2025-26.

Financial Statments for Q2 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, a prominent player in the credit rating industry, offers a range of services including credit ratings, research, risk management, and advisory services. The company operates primarily in India and plays a critical role in the financial sector by providing independent and professional assessments of credit risk. As a part of the larger global credit ratings landscape, ICRA Ltd contributes to the financial market by helping investors, issuers, and market participants make informed decisions. Recent major developments for the company are not available in the provided data, so any specific events affecting the company's operations or financial performance in the recent quarter are not noted here.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), ICRA Ltd reported a total income of ₹157.49 crores. This marks an increase of 5.8% on a quarter-over-quarter (QoQ) basis from ₹148.85 crores in the first quarter of fiscal year 2026 (Q1FY26). Compared to the same quarter in the previous year (Q2FY25), where the total income was ₹146.17 crores, there is a year-over-year (YoY) growth of 7.7%. The consistent growth in total income reflects the company's ability to maintain its revenue stream despite varying industry conditions.

Profitability

ICRA Ltd's profitability indicators show a positive trend in Q2FY26. The profit before tax for this quarter stands at ₹64.37 crores, representing a QoQ increase of 10.3% from ₹58.37 crores in Q1FY26. On a YoY basis, there is a 13.0% increase from ₹56.95 crores in Q2FY25. The company reported a profit after tax of ₹48.02 crores for Q2FY26, which is a 12.3% QoQ rise from ₹42.76 crores in Q1FY26, and a 29.4% YoY growth from ₹37.11 crores in the previous year. The earnings per share (EPS) also increased to ₹49.57 in Q2FY26, up 12.5% QoQ and 30.1% YoY, indicating a strong earnings performance for the shareholders.

Operating Metrics

Total expenses for Q2FY26 were recorded at ₹93.13 crores, which is a 2.9% increase from the ₹90.48 crores in Q1FY26. The YoY growth in total expenses is 4.4% from ₹89.21 crores in Q2FY25. The tax expense in Q2FY26 was ₹16.35 crores, marking a 4.7% QoQ increase from ₹15.61 crores in Q1FY26, while showing a decline of 17.6% YoY from ₹19.85 crores in Q2FY25. The operating performance reflects a controlled increase in expenses relative to income growth, contributing to an overall improvement in profitability metrics.