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Earnings Call

ICRA Earnings Call: Key Takeaways

ICRA Limited reported strong FY26 performance with 20.4% revenue growth, driven by its Research and Analytics segment (up 29.8%) and acquisition of Fintellix.

Why this was an Alfa AlertNot a filter event. Performance was strong but no specific prior guidance beat was mentioned.
Highlights
Revenue growthFY26 consolidated revenue up 20.4% YoY.
MarginsRatings segment seeing margin expansion; R&A mix shifting.
Demand visibilityStrong for risk modeling and compliance-oriented solutions.
Management confidenceHigh in credit demand and analytics scaling.

Growth

Q4 revenue grew 28.4% YoY. FY26 Ratings grew 14.2%; Research and Analytics grew 29.8%.

Outlook

Focus on product-led offerings (BankTech, CapTech) and AI integration; expects demand from ECL framework transition.

Risks

Geopolitical conflicts, elevated energy prices, and El Nino impact on GDP growth (estimated 6.2% for FY27).

Source

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

Read the document ↗

ICRA Ltd: key numbers

Share price
₹4,377.90
Market cap
₹4,225 Cr
Revenue (annual)
₹599.5 Cr
Net profit (annual)
₹181.5 Cr
P/E (TTM)
21.6×Sector 22.0×
Promoter holding
51.87%+0.00% QoQ
FII holding
6.90%Current quarter

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

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