Quarterly Result31 Jul 2025, 01:40 pm
ICRA Ltd Announces Q1 FY2025 Financial Results; Acquires Fintellix India for USD 26 Million
AI Summary
ICRA Ltd, a leading credit rating agency, announced its unaudited financial results for the first quarter ended June 30, 2025. The company reported a profit before tax of INR 3,791.27 crore and a total revenue of INR 14,889.88 crore. The company's Board of Directors also approved the acquisition of 108% shareholding in Fintellix India Private Limited for a consideration of INR equivalent to USD 26 million (~ INR 225 crore). The acquisition is subject to completion of mutually agreed conditions as per Share Purchase Agreement (SPA). The consolidated financial results of the Company for the quarter ended June 30, 2024, were reviewed by another auditor who expressed an unmodified conclusion on those statements on July 23, 2024.
Key Highlights
- ICRA Ltd reports a profit before tax of INR 3,791.27 crore for Q1 FY2025
- The company's total revenue for the quarter stands at INR 14,889.88 crore
- ICRA Ltd to acquire 108% shareholding in Fintellix India for USD 26 million
- The acquisition is subject to completion of mutually agreed conditions as per Share Purchase Agreement (SPA)
- The consolidated financial results of the Company for the quarter ended June 30, 2024, were reviewed by another auditor who expressed an unmodified conclusion on those statements on July 23, 2024