CARE Ratings Ltd
P&L
Quarterly Consolidated
vs Q1 FY26
CARE Ratings Ltd Reports 13% YoY Growth in Standalone Revenue from Operations for Q2 FY26 ENDED SEPTEMBER 30, 2025
12 Nov 2025 · 12 Nov 2025, 07:43 pm
Summary
CARE Ratings Limited has reported a 13% year-on-year growth in standalone revenue from operations during Q2 FY26. The growth was driven by a strong and diversified client base and improved performance across subsidiaries. The company's profitability remains robust, reflecting disciplined execution and operational efficiency.
Key Highlights
- 1
Standalone Revenue from Operations for Q2 FY26: Rs. 114.27 crores (13% YoY growth)
- 2
EBITDA & EBITDA Margin (%) for H1 FY26: 49%
- 3
PAT & PAT Margin (%) for H1 FY26: 39%
- 4
Consolidated Revenue from Operations for H1 FY26: Rs. 230.28 crores (9.54% YoY growth)
- 5
EBITDA & EBITDA Margin (%) for Q2 FY26: 50%
- 6
PAT & PAT Margin (%) for Q2 FY26: 33%
- 7
Ratings Business: Rs. 24.53 crores
- 8
Non-Ratings Business: Rs. 4.4 lakh crore (18% increase in Q2 FY26)
- 9
Bank credit offtake: 10.4% YoY as of Sep-25
- 10
Credit expansion to large industries and services combined: 7.4% as of Sep-25
Management Comments
Mehul Pandya
Managing Director & Group CEO of Care Edge
Even as we navigate through multiple global headwinds, we are pleased to report a healthy 13% year-on-year growth in standalone revenue from operations during Q2 FY26, driven by our strong and diversified client base. On a consolidated basis, revenue grew by 16%, supported by improved performance across subsidiaries and further strengthened by our non-ratings businesses. Profitability at both standalone and consolidated levels remains robust, reflecting disciplined execution and operational efficiency.
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