CARE Ratings Ltd's Q3FY25 Quarter Results
- 2d ago
Result Summary
- CARE Ratings Ltd reported a 16.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 17.2%.
- Its expenses for the quarter were up by 7.0% QoQ and 19.0% YoY.
- The net profit decreased 39.5% QoQ and increased 18.5% YoY.
- The earnings per share (EPS) of CARE Ratings Ltd stood at 9.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 108.23 | 129.23 | 92.36 | -16.3% | 17.2% |
Total Expenses | 69.51 | 64.99 | 58.39 | 7.0% | 19.0% |
Profit Before Tax | 38.72 | 64.23 | 33.96 | -39.7% | 14.0% |
Tax | 10.35 | 17.35 | 10.04 | -40.3% | 3.1% |
Profit After Tax | 28.36 | 46.88 | 23.93 | -39.5% | 18.5% |
Earnings Per Share | 9.20 | 15.40 | 7.80 | -40.3% | 17.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
CARE Ratings Ltd is a prominent credit rating agency in India, primarily engaged in providing credit ratings, research, and risk analysis services. The company operates within the financial services industry, offering a range of products designed to assess creditworthiness and risk. As a key player in the credit rating sector, CARE Ratings Ltd serves various stakeholders, including investors, issuers, and lenders, by providing independent and insightful evaluations of credit risk. While specific recent developments regarding the company are not available, CARE Ratings Ltd continues to maintain its position as a trusted entity in the financial services landscape, contributing to informed decision-making in the market.
Revenue
The financial data for Q3FY25 indicates that CARE Ratings Ltd generated a total income of ₹108.23 crores. This represents a decrease of 16.3% compared to the preceding quarter (Q2FY25), where the total income was ₹129.23 crores. However, when viewed on a year-over-year basis, there is an increase of 17.2% from Q3FY24, where the total income stood at ₹92.36 crores. These figures suggest that while there has been a quarterly decline, the company's income has experienced growth over the year. This YoY increase may reflect underlying factors such as enhanced service offerings or expanded client engagement within the financial services industry.
Profitability
During Q3FY25, CARE Ratings Ltd reported a Profit Before Tax (PBT) of ₹38.72 crores, which is a significant decline of 39.7% from the previous quarter (Q2FY25) where the PBT was ₹64.23 crores. On a year-over-year comparison, the PBT has increased by 14.0% from ₹33.96 crores in Q3FY24. The Profit After Tax (PAT) for Q3FY25 was ₹28.36 crores, also showing a decrease of 39.5% compared to ₹46.88 crores in Q2FY25. Year-over-year, the PAT increased by 18.5% from ₹23.93 crores in Q3FY24. The tax expense for Q3FY25 was ₹10.35 crores, which decreased by 40.3% QoQ and increased by 3.1% YoY. These profitability metrics reveal fluctuations in the company's earnings, with notable quarterly declines but overall yearly growth.
Operating Metrics
In terms of operating expenses, CARE Ratings Ltd reported total expenses of ₹69.51 crores for Q3FY25, marking an increase of 7.0% from ₹64.99 crores in Q2FY25. Year-over-year, expenses rose by 19.0% from ₹58.39 crores in Q3FY24. The Earnings Per Share (EPS) for Q3FY25 was ₹9.20, reflecting a decrease of 40.3% from the previous quarter's EPS of ₹15.40. However, compared to Q3FY24, where EPS was ₹7.80, there is a YoY increase of 17.9%. These operating metrics highlight changes in the company's cost structure and shareholder returns. The data indicates a rise in operating costs and varying earnings per share over the quarters and the year.
