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Earnings Call

CARE Ratings Earnings Call: Key Takeaways

CARE Ratings delivered strong FY26 performance with 18% consolidated revenue growth and 24% PAT growth, driven by ratings and non-ratings segments.

Highlights
Revenue growth18% YoY consolidated revenue growth in FY26.
MarginsConsolidated PAT margin at 33%; Standalone EBITDA margin 48%.
Demand visibilityStrong bank credit offtake and services sector growth.

Growth

FY26 Consolidated Revenue up 18% to ₹473.07 Cr; PAT up 24% to ₹173.69 Cr. Standalone EBITDA margin at 48%.

Outlook

Focus on AI adoption (60% enterprise adoption), global expansion via CareEdge Global, and scaling ESG rating services.

Risks

Lower corporate bond issuances (down 3.2% in FY26) and moderated IIP growth 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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