ICRA: Revenue from operations Q3 FY2025 up by 5.5%, 9M FY2025 up by 12.3% Profit after tax (PAT) Q3 FY2025 up by 30.3%; 9M FY2025 up by 9.5%
Mumbai: ICRA Limited announced its results for the third quarter and nine months ended December 31, 2024, on February 10th, 2025.
Consolidated revenue from operations increased 5.5% to Rs. 120.9 crore for the third quarter ended December 2024, compared to Rs. 114.6 crore in the corresponding quarter of the previous year. The PAT increased 30.3% to Rs. 42.2 crore from Rs. 32.4 crore in the corresponding quarter of the previous year.
Consolidated revenue from operations increased 12.3% to Rs. 361.8 crore for the nine months ended December 2024, compared to Rs. 322.2 crore in the corresponding previous year. The PAT for the nine months ended December 2024 increased 9.5% to Rs. 115.2 crore from Rs.
105.2 crore in the corresponding previous year.
The previous year corresponding quarter and nine months financials include the impact of the amount provided towards the arbitration award.
Commenting on the results, Ramnath Krishnan, MD and Group CEO, ICRA Limited, said: “ICRA continues to demonstrate resilience, with sustained growth in Ratings, whereas the Analytics segment recorded modest growth this quarter, reflecting the evolving market dynamics. We continue to remain focused on expanding our analytical capabilities, strengthening research offerings, and enhancing client value through data-driven insights. We remain steadfast in delivering high-quality analytics and ratings while adapting to market shifts.
In Q3 FY2025, ICRA reinforced its position as a knowledge powerhouse by hosting key market events across India, covering sectors such as Structured Finance, Specialty Chemicals, Microfinance, Real Estate, and the Automotive segment. ICRA also organised a media roundtable in Mumbai, sharing insights on emerging credit trends in the Banking and NBFC sectors. Additionally, ICRA conducted 13 webinars, participated in 19 external events as an industry thought leader, and published 147 high-impact research reports spanning 60 sectors to empower stakeholders with reliable insights and industry expertise.
Amid the relatively favourable trends in high frequency indicators, India`s Gross Domestic Product (GDP) growth is expected to improve to
~6.8% in Q3 FY2025 from the seven-quarter low of 5.4% in Q2 FY2025. However, the outlook for economic activity for Q4 FY2025 appears mixed, with the threat of tariffs and exchange rate volatility souring sentiment. Overall, ICRA estimates the GDP growth to print at 6.5% in FY2025 and maintain that pace in FY2026.