ICRA Ltd.

NSE: ICRA | BSE: 532835 | ISIN: INE725G01011 |Industry: Other Financial Services
|Expensive Performer
3519.00 40.75 (1.17%)
NSE Dec 08, 2021 15:31 PM
Volume: 1,571
 

ICRA Ltd.    
26 Oct 2021
3519.00
1.17%

Highlights

  • Standalone Financial Results
    • For the quarter ended September 3D, 2021, the company's operating income was Rs. 47.6 crare, as against Rs. 43.4 crore in the corresponding quarter of the previous financial year, showing a growth of 9.7%. Growth in the rating revenue was achieved mainly due to traction in our fresh business, which was supported by gains in the financial sector and pick-up in the securitisation volumes, in-spite of unfavourable market conditions.
    • The credit market continued to face headwinds during the current quarter with the non-food bank credit outstanding showing a muted growth. Bond issuances also remained muted falling on an y-o-y basis (though up sequentially) and CP outstanding remained subdued in this quarter. All of this reflected moderated fund-raising activities.
    • Other income was at Rs. 8.7 crore, lower by 2.7% during the quarter on y-o-y basis, due to lower interest rate environment. The company has invested substantial part of its investment portfolio in debt oriented mutual fund schemes for earning better post tax returns
    • The employees benefit expenses during the current quarter were higher by 19.5% on y-o-y basis, mainly due to annual increments and onetime special incentive. Other expenses were lower by 3.9% on y-o-y basis mainly due to lower spend on legal expenses, CSR, recruitment etc.
    • The PBT for the quarter was at Rs. 14.4 crore as against Rs. 15.5 crore y-o-y basis, lower by 7.1%. The PAT for quarter was at Rs. 12.0 crare as against Rs. 11.3 crare y-o-y basis, higher by 6.2% due to lower effective tax.
    • For the half year ended on September 30,2021, ICRA's standalone revenue fram operation was Rs. 93.6 crare, compared to Rs. 85.9 crore, higher by 9.1%. The PBT and PAT were at Rs. 45.2 crore and Rs. 38.0 crore, respectively, as compared to Rs. 29.2 crore and Rs. 21.3 crore. The PBT and PAT were higher by 54.9% and 78.6%, respectively, as compared to the corresponding period of the previous year, due to dividend from a wholly owned subsidiary.
  • Consolidated Financial Results
    • For the quarter ended September 30, 2021, the consolidated operating income was at Rs. 82.7 crore, against Rs. 72.0 crare on y-o-y basis, reflecting a growth of 14.8%. The Other income was marginally higher by 1.0%, over the corresponding quarter of the previous financial year. Consolidated PBT was at Rs. 31.1 crore, higher by 21.3%, and PAT was at Rs. 24.4 crare, higher by 30.5% on y-o-y basis.
    • Ratings, research, and other services segment, including foreign subsidiaries, has grown by 10.4% on y-o-y basis. Outsourced and information services segment grew by 28.2% due to increase in business from existing and new clients, whereas Consulting services de-grew by 10.3% due to challenges in external environment and de-focus on certain unprofitable segments of our business.
    • For the half year ended on September 30, 2021, leRA's consolidated revenue from operation was Rs. 162.5 crore, compared to Rs. 141.6 crore, higher by 14.8%. The other income was lower by 1.9%, over the corresponding period of the previous year. The PBT and PAT were at Rs. 64.2 crore and Rs. 48.7 crore, respectively, as compared to Rs 48.9 crore and Rs. 35.7 crore, respectively. The PBT was higher by 31.3% and the PAT was higher by 36.3%, as compared to the corresponding period of the previous year.

 

Result PDF

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ICRA Ltd. is trading above it's 200 day SMA of 3390.8
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