ICRA Limited's Q1 revenue slips 6.6 pc sequentially; PAT rises 32 pc
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Mumbai, July 30 : ICRA Limited on Thursday reported a 6.57 per cent sequential decline in consolidated revenue from operations for the June quarter (Q1 FY27) to Rs 163.4 crore in the June quarter of FY27 from Rs 174.85 crore in the preceding quarter (Q4 FY26).
However, on a year-on-year (YoY) basis, revenue rose 31.2 per cent from Rs 124.5 crore, according to its stock exchange filing.
The company's profit after tax (PAT) increased 32 per cent year-on-year (YoY) to Rs 56.5 crore during the quarter, compared with Rs 42.8 crore in the corresponding period last financial year.
ICRA said the quarterly financial performance includes the impact of the consolidation of Fintellix, which it acquired in October 2025.
As a result, the company noted that the current quarter's financials are not directly comparable with those of the year-ago period.
"ICRA delivered a strong quarterly performance, supported by healthy growth in Ratings and sustained momentum in Risk & Analytics. Our Ratings business remained anchored in high-quality analytical delivery and market engagement, while Risk & Analytics benefited from robust demand across data, risk and technology-led solutions,” Ramnath Krishnan, MD & Group CEO, ICRA Limited, said.
“We remain committed to supporting clients and market participants with independent insights and solutions aligned to evolving business and regulatory needs," Krishnan added.
Revenue from the Ratings and ancillary services business grew 12.9 per cent during the quarter, supported by strong demand from bank credit, industrial companies and non-banking financial companies (NBFCs).
The company said bond issuances moderated from the elevated levels seen a year ago but gathered pace towards the end of the quarter as bond yields softened and liquidity conditions improved.
The Risk & Analytics business recorded a sharp 58.7 per cent year-on-year increase in revenue, aided by the Fintellix acquisition and sustained demand for risk management, regulatory technology and data solutions.
ICRA also said the segment benefited from rising demand for its BankTech and CapTech offerings, along with a gradual shift towards product-led engagements.
On the stock market, shares of ICRA were trading 3.06 per cent higher at Rs 4,919.70 around 3:25 p.m.
However, on a year-on-year (YoY) basis, revenue rose 31.2 per cent from Rs 124.5 crore, according to its stock exchange filing.
The company's profit after tax (PAT) increased 32 per cent year-on-year (YoY) to Rs 56.5 crore during the quarter, compared with Rs 42.8 crore in the corresponding period last financial year.
ICRA said the quarterly financial performance includes the impact of the consolidation of Fintellix, which it acquired in October 2025.
As a result, the company noted that the current quarter's financials are not directly comparable with those of the year-ago period.
"ICRA delivered a strong quarterly performance, supported by healthy growth in Ratings and sustained momentum in Risk & Analytics. Our Ratings business remained anchored in high-quality analytical delivery and market engagement, while Risk & Analytics benefited from robust demand across data, risk and technology-led solutions,” Ramnath Krishnan, MD & Group CEO, ICRA Limited, said.
“We remain committed to supporting clients and market participants with independent insights and solutions aligned to evolving business and regulatory needs," Krishnan added.
Revenue from the Ratings and ancillary services business grew 12.9 per cent during the quarter, supported by strong demand from bank credit, industrial companies and non-banking financial companies (NBFCs).
The company said bond issuances moderated from the elevated levels seen a year ago but gathered pace towards the end of the quarter as bond yields softened and liquidity conditions improved.
The Risk & Analytics business recorded a sharp 58.7 per cent year-on-year increase in revenue, aided by the Fintellix acquisition and sustained demand for risk management, regulatory technology and data solutions.
ICRA also said the segment benefited from rising demand for its BankTech and CapTech offerings, along with a gradual shift towards product-led engagements.
On the stock market, shares of ICRA were trading 3.06 per cent higher at Rs 4,919.70 around 3:25 p.m.
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Note: The content of this article is sourced from a news agency and has not been edited by the ap7am team.