ALFA Finder| Revenue growth | FY26 consolidated revenue up 20.4% YoY. |
|---|---|
| Margins | Ratings segment seeing margin expansion; R&A mix shifting. |
| Demand visibility | Strong for risk modeling and compliance-oriented solutions. |
| Management confidence | High 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).
Earnings Call filed with BSE, NSE: ICRA. Summary written with AI assistance from the document.
ICRA Ltd: key numbers
- Share price
- ₹4,472.00
- Market cap
- ₹4,316 Cr
- Revenue (annual)
- ₹599.5 Cr
- Net profit (annual)
- ₹181.5 Cr
- P/E (TTM)
- 21.6×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.