Financial Services company CARE Ratings announced Q4FY24 & FY24 results: Standalone Total Income: "Total income for CareEdge Ratings Limited increased by 15% to Rs 330.0 crore for FY24." Standalone Operating EBITDA and Profit After Tax: "The Operating EBITDA grew by 10% to Rs 127.5 crore and Profit After Tax (PAT) saw an ascent of 15% at Rs 119.4 crore for the fiscal year 2024." Dividend Declaration: The Board of Directors has recommended a final dividend of Rs 11 per share, making the total dividend Rs 18 per share for the year. Commenting on the results for Q4 & FY24, Mehul Pandya, Managing Director & Group CEO of CareEdge, said: "The income from operations of our Company rose 14% in FY24 on a Standalone basis as the initial ratings business continued to witness strong growth. The EB/TOA margin remained robust at 45% for FY24. Our other income increased on back of better yield on deposits. Notwithstanding the increase in employee cost for Talent management, our PAT on a Standalone basis improved by 15%, while on a Consolidated basis, it was up by 20% in FY24. The Consolidated income from operations grew 19%, aided by the increase in the ratings and non-ratings income. The Consolidated EB/TOA margin for FY24 came in strong at 34%. We reiterate that our financial performance should be assessed on an annual basis rather than quarter-on-quarter. Nevertheless, our Company on a Standalone basis recorded a healthy YoY growth of 10% in income from operations for Q4FY24. The Consolidated income from operations also recorded a YoY growth of 16% for Q4FY24. I am happy to share that The Board of Directors has recommended a final dividend of Rs 11/- per share (of Rs 10/-face value) which will take the total dividend declared for the year to Rs 18/- per share." Result PDF