Financial Services company CARE Ratings announced H1FY25 & Q2FY25 results Revenue from Operations: H1FY25 Rs 166.85 crore, change YoY 18%, Q2FY25 Rs 101.51 crore, change YoY 19% EBITDA: H1FY25 Rs 79.09 crore, change YoY 21%, EBITDA Margin: 47%, Q2FY25 Rs 56.92 crore, change YoY 26% EBITDA Margin: 56%. PAT: H1FY25 Rs 73.65 crore, change YoY 18%, PAT Margin: 38%, Q2FY25 Rs 49.64 crore, change YoY 22% PAT Margin: 44%. Mehul Pandya, Managing Director & Group CEO of CareEdge, said: “The company has shown good performance in ratings as well as non-rating businesses. Reflective of our commitment towards quality led growth, ratings business continued to show momentum in initial ratings of capital market instruments, securitisation and bank debt. In H1FY25, the contribution of non-ratings business to total consolidated revenue from operations has improved to 9.5% even as the ratings business witnessed a strong growth of 19%. We are proud to be the first rating agency from India to foray in the sovereign & global scale ratings, with the announcement of sovereign ratings of 39 countries at the launch event of CareEdge Global IFSC Ltd. Further, our step-down subsidiary in South Africa has also received the regulatory approval to offer credit ratings services, including sovereign ratings in that geography CareEdge Africa and CareEdge Nepal reported robust growth in their business during the period. CareEdge ESG is on the path to be a catalyst for change towards sustainable future with the release of its first ESG rating recently. CareEdge Analytics and CareEdge Advisory continued to improve their performance during the period. Overall, CareEdge is well poised for continued success and growth, driven by our strategic pillars and an unyielding commitment to excellence.” Result PDF
Financial Services company CARE Ratings announced Q1FY25 results: Revenue from operations: Rs 78.9 crore, up by 19% YoY EBITDA: Rs 21.8 crore, up by 22% YoY PAT: Rs 21.4 crore, up by 16% YoY Commenting on the results for Q1 FY25, Mehul Pandya, Managing Director & Group CEO of CareEdge, said: "We reiterate that our financial performance should be assessed on an annual basis rather than QoQ. Nevertheless, our Company on a Standalone basis recorded a healthy YoY growth of 16% in revenue from operations for Q1 FY25. The Consolidated revenue from operations also recorded a Yoy growth of 19% for Q1 FY25. The Standalone growth in revenue from operations is attributed to strong Bank loan initial ratings business supported well by securitization. The contribution of Non-Ratings business to consolidated revenue from operation stands at stable 10% over a decent growth in Ratings business." Result PDF