| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 136.37 | 45.2% | 16.2% |
| Total Income | 148.95 | 38.4% | 15.3% |
| Expenditure | 72.04 | 2.7% | 10.8% |
| PBT | 76.91 | 105.4% | 19.7% |
| Net Profit | 57.21 | 115.9% | 22.0% |
| OPM | 50.16% | 20.62pp | 8.39pp |
| NPM | 38.41% | 13.78pp | 2.13pp |
| EPS | 18.90 | 119.5% | 22.6% |
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.
Informational and educational content only. Not investment advice.