CARE Ratings Ltd.

NSE: CARERATING | BSE: 534804 | ISIN: INE752H01013 | Industry: Other Financial Services
| Mid-range Performer

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CARE Ratings Ltd.
31 Jan 2018
1168.00
-0.47%
ICICI Securities Limited
CARE's revenues were slightly above estimates but the bottomline was below estimate owing to lower other income & higher staff cost Reported rating revenues increased at a healthy rate of 14.2% YoY to | 74.8 crore. The QoQ decline of 18% in rating revenue was owing to surveillance fee income from Q2. There was an 18.2% YoY increase in volume of fresh debt rated in Q3FY18 to | 3.25 lakh crore. In that, volume of bank loan ratings increased 12.1% YoY However, PAT came in at | 37.3 crore (down 2% YoY) vs. estimate of...
CARE Ratings Ltd. is trading above its 50 day SMA of 1161.7
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