ALFA Finder| Revenue growth | 20.4% YoY for FY26. |
|---|---|
| Margins | Margin expansion in Ratings; evolving mix in R&A. |
| Demand visibility | Strong in BankTech/CapTech; cautious on rural demand. |
| Management confidence | High; citing 35 years of service and strategic acquisitions. |
Growth
FY26 Revenue grew 20.4% to ₹599.5cr; PAT rose 6.6% to ₹182.5cr. Q4 FY26 revenue increased 28.4% YoY.
Outlook
FY27 GDP growth estimated at 6.2%; Securitisation volume projected at ₹2.6–2.7 lakh crore. Focus on Gen-AI automation.
Risks
West Asia conflict poses downside risks to GDP growth, export demand, and could cause fiscal slippage.
Earnings Call filed with BSE, NSE: ICRA. Summary written with AI assistance from the document.
ICRA Ltd: key numbers
- Share price
- ₹4,505.10
- Market cap
- ₹4,348 Cr
- Revenue (annual)
- ₹599.5 Cr
- Net profit (annual)
- ₹181.5 Cr
- P/E (TTM)
- 21.8×Sector 20.8×
- Promoter holding
- 51.87%+0.00% QoQ
- FII holding
- 8.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from ICRA Ltd
All →ICRA Management Change
ICRA's non-executive director Stephen Arthur Long has resigned, effective 1 January 2027. The resignation was received today by email.
ICRA Earnings Call Transcript: Key Takeaways
Management skipped detailed numbers and gave no guidance. Ratings revenue grew 15.2% in H1, non-ratings stayed flat near ₹80 Cr a quarter, and acquisition losses were left unresolved.
ICRA Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹177.9 Cr (+30.2%), PAT ₹52.4 Cr (+9.2%); H1 revenue ₹341.2 Cr (+30.7%), PAT ₹108.9 Cr (+20.0%). Growth led by Ratings and Fintellix-driven R&A.
ICRA Results Update
ICRA reported Q2 FY2027 consolidated revenue up 30.2% to Rs 177.9 crore and PAT up 9.2%. Half-year revenue rose 30.7% and PAT rose 20.0%.
ICRA Q2 FY27 Results: Net Profit ₹52.4 Cr, Up 9.2% YoY
ICRA Ltd reported revenue from operations of ₹177.9 Cr (+30.2% YoY) and net profit of ₹52.4 Cr (+9.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹52.4 Cr · +9.2% YoY
ICRA Board Meeting Date
ICRA Limited has scheduled a board meeting on October 29, 2026, to consider and approve the company's unaudited standalone and consolidated financial results.