ICRA LTD.
P&L
Quarterly Consolidated
vs Q1 FY26
ICRA's Q2 FY2026 Results: Revenue from Operations Up by 8.3%, PAT Up by 29.4%
28 Oct 2025 · 28 Oct 2025, 07:34 pm
Summary
ICRA Limited announced its results for the second quarter and half year ended September 30, 2025. Consolidated revenue from operations increased 8.3% to ₹ 136.6 crore for the second quarter ended September 2025, compared to ₹ 126.1 crore in the corresponding quarter of the previous year. The PAT increased 29.4% to ₹ 48.0 crore from ₹ 37.1 crore in the corresponding quarter of the previous year. Consolidated revenue from operations increased 8.4% to ₹ 261.1 crore for the half year ended September 2025, compared to ₹ 240.9 crore in the corresponding previous year. The PAT for the half year ended September 2025 increased 24.4% to ₹ 90.8 crore from ₹ 73.0 crore in the corresponding previous year.
Key Highlights
- 1
Revenue from operations in Q2 FY2026 up by 8.3%
- 2
H1 FY2026 up by 8.4%
- 3
Profit after tax (PAT) in Q2 FY2026 up by 29.4%
- 4
H1 FY2026 up by 24.4%
- 5
Strong growth in the Ratings segment
- 6
Robust momentum in the Research & Analytics segment
- 7
Acquisition of Fintellix to lead in risk analytics
- 8
ICRA hosted two flagship outreach events
- 9
ICRA was the knowledge partner in the Annual Infrastructure Conclave 2025
- 10
ICRA executed a total of 16 market outreach engagements and conducted 6 webinars
- 11
ICRA published an impressive total of 145 research reports
- 12
India's GDP growth to reach 6.5% in FY2026
- 13
Ratings & ancillary services revenue for the quarter up by 13.0%
- 14
Half-year up by 13.6%
- 15
Bank credit growth at 10.4% in September 2025
- 16
Commercial Paper outstanding maintained the elevated level
- 17
Securitisation grew supported by the vehicle and home loan segments
- 18
Research & Analytics revenue for the quarter up by 2.1%
- 19
Half-year up by 1.8%
Management Comments
Mr. Ramnath Krishnan
MD & Group CEO, ICRA Limited
ICRA’s solid financial performance in this quarter was driven by strong growth in our Ratings segment, reflecting the consistent quality and credibility of our ratings, alongside robust momentum in our Research & Analytics segment, led by marquee client wins and expanded offerings. The acquisition of Fintellix marks a pivotal step in our ambition to lead in risk analytics, enabling our clients to anticipate and address risks effectively. By combining ICRA’s domain expertise with Fintellix’s product innovation, we are uniquely positioned to help clients navigate the fast-evolving regulatory landscape and deliver enhanced value across markets.”
Informational and educational content only. Not investment advice.