ICRA ICRA Q2 FY25 results (Jul–Sep 2024) and concall
ICRA delivered strong Q2 FY25 results with group top-line growth of 20.2% and PBT growth of 20.5%, driven by robust performance in both ratings (24.1% YoY) and research & analytics (15.2% YoY). The first half of FY25 also saw healthy overall top-line growth of 16% and PBT growth of 7.4%. Management highlighted strong bond issuances and increasing securitization activity as key drivers, while also making substantial investments in people, technology, and infrastructure.
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What they filed
| Line item | Q2 FY25 |
|---|---|
| Revenue | 72 |
| EBITDA | 21 |
| Net profit | 50 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





