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Earnings Call

CARE Ratings Earnings Call: Key Takeaways

CARE Ratings delivered strong Q4FY26 results with consolidated revenue growing 19% YoY to ₹130.67 Cr. Strategy focuses on AI adoption (60% staff usage) and expanding global sovereign and ESG rating services.

Highlights
Revenue growth18% YoY for FY26 consolidated.
MarginsConsolidated FY26 EBITDA margin at 42%; Standalone Q4 margin 54%.
Demand visibilityStrong bank credit offtake (16.1%) supporting future ratings demand.
Management confidenceHigh, emphasizing 'Momentum with Purpose' and AI integration.

Growth

FY26 consolidated revenue grew 18% to ₹473.07 Cr; PAT grew 24% to ₹173.69 Cr. Ratings segment grew 17%.

Outlook

Expansion in GIFT City, Africa, and Nepal. Growth driven by non-rating services (19% YoY) and AI-powered analytics products.

Risks

Lower corporate bond issuances (down 11.3% in Q4) and industrial activity moderation in March 2026.

Source

Earnings Call filed with NSE, NSE: CARERATING. Summary written with AI assistance from the document.

Read the document ↗

CARE Ratings Ltd: key numbers

Share price
₹1,627.60
Market cap
₹4,902 Cr
Revenue (annual)
₹473.1 Cr
Net profit (annual)
₹171.2 Cr
P/E (TTM)
27.6×Sector 22.0×
Promoter holding
0.00%+0.00% QoQ
FII holding
23.41%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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