ICRA Q1 results, quarter to Jun 2026

NSE: ICRABSE: 532835Capital MarketsSmall Cap

ICRA Limited · Face value ₹10 · Listed Apr 2007

₹4,498.30₹5.40 (0.12%)BSE ₹4,497.50

Share price at the NSE close on 27 Oct 2026. Previous close ₹4,492.90.

27 Oct: open ₹4,500.00, high ₹4,526.80, low ₹4,464.20

52-week range of traded prices to 27 Oct 2026

₹4,198.20Low, 30 Sep 2026₹6,620.00High, 29 Oct 2025

Next results date: the board meets on 29 Oct 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹4,341 Cr756th largest listed
P/E: 22.24
P/B: 3.68
Dividend yield: 2.33%
ROE: 17.5%
ROCE: 16.5%
Debt to equity: 0.00
Volume, NSE: 4,76248.0% delivered

ICRA filed its Q1 results for the quarter to Jun 2026 on 30 Jul 2026 at 1:55 pm, consolidated: the company and its subsidiaries together.

Q1 results, quarter to Jun 2026

₹ crore.ICRA annual results and balance sheet

Revenue: ₹163 Cr+31.2% on a year ago · −6.6% on the quarter before
Operating profit: ₹55 Cr+38.6% on a year ago · −20.8% on the quarter before
Net profit: ₹56 Cr+32.0% on a year ago · +7.2% on the quarter before
Earnings per share: ₹58.36+32.3% on a year ago · +7.1% on the quarter before
Operating margin: 33.7%
Net margin: 34.6%

From revenue to net profit, ₹ crore

Revenue163
Employee costs−87
Other expenses−21
Operating profit55
Depreciation−11
Other income+28
One-off items+4.4
Finance costs−0.4
Profit before tax76
Tax−20
Net profit56

ICRA results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Peak revenue ₹175 Cr, quarter to Mar 2026; lowest ₹105 Cr, quarter to Sep 2023

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1Filed 3 Aug	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3Filed 10 Feb	Mar 2025Q4	Jun 2025Q1	Sep 2025Q2	Dec 2025Q3Filed 28 Jan	Mar 2026Q4	Jun 2026Q1
Revenue from operations	83	87	94	93	99	103	109	103	105	115	124	115	126	121	136	124	137	164	175	163
	60	52	55	61	63	67	71	68	71	84	74	80	85	79	77	85	88	106	105	108
Materials and goods bought	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Employee costs	50	42	41	48	51	53	55	55	58	67	60	65	70	65	61	70	72	84	84	87
Other expenses	10	10	14	13	12	13	16	13	13	17	14	15	14	14	16	15	16	23	21	21
Operating profit before depreciation	23	35	39	32	35	36	38	35	34	30	50	35	41	42	59	40	49	57	70	55
Operating margin	27.4%	40.0%	41.2%	34.3%	36.0%	35.2%	34.9%	33.7%	32.5%	26.4%	40.2%	30.6%	32.7%	34.9%	43.4%	31.9%	35.5%	35.0%	39.8%	33.7%
Depreciation and amortisation	2	2	2	2	2	3	3	2	3	4	4	4	4	4	4	4	4	10	10	11
Other income	11	9	11	7	13	15	16	18	16	17	24	18	20	19	21	24	21	16	14	28
Finance costs	0	0	0	0	0	0	0	0	0	3	7	2	0	1	1	2	1	1	1	0
Profit before one-off items and tax	31	41	47	36	46	48	51	50	47	41	62	47	57	56	74	58	64	62	73	72
One-off items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	−7	0	4
Profit before tax	31	41	47	36	46	48	51	50	47	41	62	47	57	56	74	58	64	55	73	76
	7	10	13	15	9	9	12	9	15	8	15	11	20	14	18	16	16	16	20	20
Current tax	6	10	12	15	9	9	10	9	14	9	13	11	17	11	15	12	14	20	18	17
Deferred tax	1	0	0	0	0	0	2	0	1	0	2	1	3	2	3	3	3	−4	2	3
Tax rate	21.6%	24.7%	27.5%	40.6%	19.1%	18.1%	24.1%	18.3%	32.0%	20.4%	24.3%	24.0%	34.8%	24.3%	24.4%	26.7%	25.4%	28.9%	27.6%	25.8%
	24	31	34	22	37	39	39	41	32	32	47	36	37	42	56	43	48	39	53	56
Belonging to the company's shareholders	24	31	33	21	37	39	39	41	32	32	47	36	37	42	56	42	48	39	52	56
Belonging to outside owners of subsidiaries	0	0	0	0	0	0	–	–	0	0	–	0	0	0	0	0	0	0	0	0
Other comprehensive income	0	0	0	−1	0	0	0	0	0	−1	0	0	0	0	0	0	0	0	0	0
Total comprehensive income	24	31	34	20	37	39	38	40	32	32	47	36	37	42	56	42	48	39	53	56
Net margin	29.5%	35.9%	36.0%	23.4%	37.7%	38.1%	35.4%	39.6%	30.7%	28.3%	38.0%	31.3%	29.4%	34.9%	41.1%	34.3%	35.2%	23.9%	30.1%	34.6%
Earnings per share	₹25.01	₹32.10	₹34.73	₹22.09	₹38.19	₹40.42	₹39.89	₹41.90	₹33.03	₹33.42	₹48.72	₹36.92	₹38.18	₹43.69	₹57.94	₹44.11	₹49.68	₹40.34	₹54.50	₹58.36
Diluted earnings per share	₹25.01	₹32.10	₹34.73	₹22.09	₹38.19	₹40.42	₹39.89	₹41.90	₹33.03	₹33.42	₹48.64	₹36.90	₹38.11	₹43.63	₹57.86	₹44.05	₹49.57	₹40.27	₹54.43	₹58.27

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.ICRA segment results by year

Ratings & ancillary services
Revenue, ₹ crore
60
66
72
65
74
72
83
74
84
87
92
84
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
14
12
26
18
22
23
37
23
29
31
40
33
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Risk & Analytics
Revenue, ₹ crore
81
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
16
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26

₹ crore	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue of all businesses	105	115	124	115	126	121	137	125	137	164	176	164
Company revenue, as in its results	105	115	124	115	126	121	136	124	137	164	175	163
Revenue	60	66	72	65	74	72	83	74	84	87	92	84
Revenue growth	7.8%	10.7%	13.6%	8.9%	24.1%	9.6%	15.1%	14.2%	13.0%	19.7%	10.5%	12.9%
Profit	14	12	26	18	22	23	37	23	29	31	40	33
Profit growth	−1.6%	−22.3%	41.1%	11.8%	56.3%	95.0%	43.9%	26.9%	36.6%	33.9%	8.3%	44.9%
Margin	23.0%	18.2%	36.1%	27.9%	28.9%	32.3%	45.1%	31.0%	35.0%	36.1%	44.2%	39.8%
Assets	68	63	66	117	86	82	75	120	113	105	112	136
Liabilities	153	151	141	179	183	169	156	197	186	181	156	220
Capital employed	−85	−88	−74	−62	−97	−87	−81	−77	−73	−76	−44	−84
Revenue	–	–	–	–	52	49	54	51	53	78	84	–
Revenue growth	–	–	–	–	–	–	–	–	2.1%	58.3%	56.8%	–
Profit	–	–	–	–	16	15	17	15	15	11	19	–
Profit growth	–	–	–	–	–	–	–	–	−2.9%	−26.0%	8.5%	–
Margin	–	–	–	–	30.3%	29.7%	32.2%	29.3%	28.8%	13.9%	22.3%	–
Assets	–	–	–	–	107	91	102	103	100	348	371	–
Liabilities	–	–	–	–	28	31	29	25	25	68	62	–
Capital employed	–	–	–	–	78	59	73	78	75	280	309	–
Revenue	–	–	–	–	–	–	–	–	–	–	–	81
Profit	–	–	–	–	–	–	–	–	–	–	–	16
Margin	–	–	–	–	–	–	–	–	–	–	–	19.3%
Assets	–	–	–	–	–	–	–	–	–	–	–	365
Liabilities	–	–	–	–	–	–	–	–	–	–	–	56
Capital employed	–	–	–	–	–	–	–	–	–	–	–	309
Revenue	39	39	39	39	–	–	–	–	–	–	–	–
Revenue growth	6.4%	2.9%	−1.7%	5.3%	–	–	–	–	–	–	–	–
Profit	19	18	18	18	–	–	–	–	–	–	–	–
Profit growth	−5.4%	−6.0%	8.8%	7.7%	–	–	–	–	–	–	–	–
Margin	48.3%	45.9%	46.6%	46.7%	–	–	–	–	–	–	–	–
Assets	52	22	42	39	–	–	–	–	–	–	–	–
Liabilities	10	14	13	9	–	–	–	–	–	–	–	–
Capital employed	41	8	29	30	–	–	–	–	–	–	–	–
Revenue	5	4	5	5	–	–	–	–	–	–	–	–
Revenue growth	−4.3%	4.4%	2.5%	11.7%	–	–	–	–	–	–	–	–
Profit	0	0	0	0	–	–	–	–	–	–	–	–
Profit growth	−47.1%	–	−16.5%	–	–	–	–	–	–	–	–	–
Margin	10.7%	8.1%	4.6%	−10.6%	–	–	–	–	–	–	–	–
Assets	10	7	9	10	–	–	–	–	–	–	–	–
Liabilities	6	6	5	5	–	–	–	–	–	–	–	–
Capital employed	4	2	4	4	–	–	–	–	–	–	–	–
Revenue	1	5	9	6	–	–	–	–	–	–	–	–
Revenue growth	−14.0%	331.5%	317.8%	300.0%	–	–	–	–	–	–	–	–
Profit	−1	−3	2	−5	–	–	–	–	–	–	–	–
Profit growth	–	–	1,905.4%	–	–	–	–	–	–	–	–	–
Margin	−120.7%	−56.5%	18.4%	−78.3%	–	–	–	–	–	–	–	–
Assets	3	59	61	61	–	–	–	–	–	–	–	–
Liabilities	3	8	7	8	–	–	–	–	–	–	–	–
Capital employed	0	51	54	53	–	–	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.