ICRA Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- ICRA Ltd reported a 4.4% 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 6.0%.
- Its expenses for the quarter were down by 5.9% QoQ and 7.8% YoY.
- The net profit increased 13.8% QoQ and increased 30.3% YoY.
- The earnings per share (EPS) of ICRA Ltd stood at 43.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 139.73 | 146.17 | 131.76 | -4.4% | 6.0% |
Total Expenses | 83.97 | 89.21 | 91.03 | -5.9% | -7.8% |
Profit Before Tax | 55.75 | 56.95 | 40.73 | -2.1% | 36.9% |
Tax | 13.53 | 19.85 | 8.32 | -31.8% | 62.6% |
Profit After Tax | 42.22 | 37.11 | 32.41 | 13.8% | 30.3% |
Earnings Per Share | 43.60 | 38.10 | 33.40 | 14.4% | 30.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
ICRA Ltd is a prominent credit rating agency in India, providing a wide range of services including credit ratings, research, risk and policy advisory, and analytical services. The company plays a crucial role in the financial markets, offering independent assessments that aid in investment decisions and risk management. ICRA Ltd is part of the global rating agency Moody's Investors Service, which provides it with a global perspective and expertise. As a key player in the financial analytics and ratings industry, ICRA Ltd has maintained a strong position through its comprehensive service offerings and adherence to stringent analytical standards. There are no specific recent major developments highlighted for the company in the provided information.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), ICRA Ltd reported a total income of ₹139.73 crores. This represents a decline of 4.4% compared to the previous quarter (Q2FY25), where the total income was ₹146.17 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), there was an increase of 6.0%, as total income in that period was ₹131.76 crores. The YoY growth indicates a positive trend in revenue generation compared to the previous year, despite the QoQ decline, suggesting variability in quarterly income. This fluctuation could be attributed to the cyclical nature of the financial services industry or specific market conditions affecting the company's revenue streams during the quarter.
Profitability
ICRA Ltd's profitability in Q3FY25 displayed several significant metrics. The company's profit before tax was recorded at ₹55.75 crores, which is a slight decrease of 2.1% from ₹56.95 crores in Q2FY25. However, when compared to Q3FY24, there is a notable increase of 36.9% from ₹40.73 crores, highlighting a positive year-over-year performance. The tax expense for Q3FY25 stood at ₹13.53 crores, reflecting a substantial reduction of 31.8% from the previous quarter's ₹19.85 crores, yet a significant increase of 62.6% from the ₹8.32 crores in Q3FY24. This resulted in a profit after tax of ₹42.22 crores for Q3FY25, which marks an increase of 13.8% from the previous quarter and 30.3% from the same quarter last year. The earnings per share (EPS) for Q3FY25 was ₹43.60, an improvement from both Q2FY25 and Q3FY24, indicating enhanced profitability per share.
Operating Metrics
ICRA Ltd's operating metrics for Q3FY25 reveal a total expenses figure of ₹83.97 crores. This is a decrease of 5.9% from the previous quarter's ₹89.21 crores and a decrease of 7.8% from the ₹91.03 crores reported in Q3FY24. The reduction in expenses on both a quarterly and yearly basis suggests efficient cost management during the quarter. Additionally, the company's tax strategy appears to have been effective in reducing the tax burden, as evidenced by the significant drop in tax expenses compared to the previous quarter. The improvement in profit after tax and earnings per share further reflects the company's operational efficiency and its ability to enhance shareholder value.
