ICRA’s net profit rises 22% to ₹30 crore in Q1, net sales come in at ₹72 crore

Revenue from operations stood at ₹72.20 crore in Q1FY26, up 14% compared to ₹63 crore in Q1FY25. The company’s EBITDA also saw a notable jump of 26%, reaching ₹42.00 crore for the quarter, compared to ₹33 crore in the corresponding quarter of the previous fiscal year.

Earnings per share (EPS) increased to ₹31 in June 2025, up from ₹26 in June 2024, reflecting the company’s strong bottom-line performance.

Commenting on the results, Ramnath Krishnan, MD and Group CEO, ICRA Limited, said: "ICRA has begun FY2026 on a robust note, with solid financial performance and sustained momentum across its core segments. Our Ratings business continued to benefit from a supportive credit environment, marked by strong bond issuances and securitisation activity. The Research & Analytics segment remained stable, with growth in Risk Management and Market Data offset by the residual impact of ESG project discontinuation in the previous year."

Given the adverse impact of the escalation in geopolitical conflicts, heightened uncertainty around tariffs, and excess rainfall in May and the second half of June on demand and economic activity, ICRA anticipates India's gross domestic product growth to decelerate to 6.1-6.5 per cent in Q1, FY26 from the high 7.4 per cent in Q4, FY25.

We have maintained our GDP growth projection for FY26 at 6.2 per cent, amid expectations of an upbeat outlook for domestic consumption and government capex, even as we remain circumspect around the outcomes for exports and private capex, ICRA said in a statement.

Shares of ICRA ended 0.6% up at ₹6,615 apiece on the NSE on Thursday, July 31. The stock opened at ₹6,560 per share.

The company's market capitalisation stands at ₹6,363 crore.

The stock has declined by 2.58% in the last five days. Over the last one month, similarly, it has dropped by 2.28%.

In the last six months, the stock has increased by 6.33%, while the year-to-date hike stands at 2.28%.

The stock touched its 52-week high of ₹7,700 apiece on the NSE on October 17, 2024, and it hit its 52-week low of ₹₹5,085.90 per share on March 5, 2025.