ICRA ICRA Q2 FY26 results (Jul–Sep 2025) and concall
ICRA Limited reported a strong Q2 FY26, with consolidated revenue growing 8.3% year-on-year to INR136.6 crores and PAT increasing 29.4% to INR48 crores. The Ratings business was a key driver, growing 13% despite a slowdown in the credit environment. The company highlighted the strategic acquisition of Fintellix to expand its risk technology portfolio and the growing traction in its ESG ratings business, while also revising its FY26 GDP growth forecast to 6.5%.
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What they filed
Q2 FY26: revenue up 13.9%, net profit down 38.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 72 | 71 | 81 | 72 | 82 +14% |
| EBITDA | 21 | 23 | 36 | 20 | 28 +33% |
| Net profit | 50 | 31 | 42 | 30 | 31 −38% |
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.
