Summary

ICRA Ltd announced its results for the third quarter and nine months ended December 31, 2025, on January 28, 2026. Consolidated revenue from operations increased 35.3% to ₹ 163.6 crore for the third quarter ended December 2025, compared to ₹ 120.9 crore in the corresponding quarter of the previous year.

Key Highlights

1. 1

   Q3 FY2026 Revenue from operations up by 35.3%

2. 2

   9M FY2026 Revenue up by 17.4%

3. 3

   Q3 FY2026 Profit before tax (PBT) up by 10.9%

4. 4

   9M FY2026 Profit before tax (PBT) up by 15.4%

5. 5

   Fintellix acquisition integration accelerates delivery of scalable, high-quality solutions

6. 6

   ICRA published 149 sectoral research reports in Q3 FY2026

7. 7

   ICRA hosted a flagship market event in Hyderabad related to the Infrastructure sector

8. 8

   ICRA conducted a closed-door interactive session on the Pharma sector

9. 9

   ICRA received the ICSI CSR Award for Excellence as the Best Company under the Small and Emerging Category

10. 10

    India’s GDP growth expected to print at a strong 7.4% in FY2026

11. 11

    Bank credit grew sharply in Q3 FY2026 taking up the year-on-year growth as at end December 2025 to 14.0%

12. 12

    Bond issuances grew on a sequential quarter basis specifically supported by issuances from the NBFCs

13. 13

    Commercial Paper segment marginally declined on a sequential quarter basis

14. 14

    Securitisation volumes in Q3 FY2026 got support from the gold loan and microfinance segments, along with the vehicle asset class