ICRA Ltd reports Q1 results: Consolidated profit stands at 5,645.88 lakhs
ICRA Limited today announced its Unaudited Financial Results for the first quarter ending June 30, 2026, presenting both standalone and consolidated performance figures. The results reflect the company's operations across various business segments, alongside key strategic acquisitions completed during the period.The Consolidated Unaudited Financial Results showed a total income of 19,099.32 lakhs for the quarter. Expenses amounted to 11,926.44 lakhs, leading to a profit before tax of 7,172.88 lakhs. After accounting for taxes, ICRA recorded a consolidated profit after tax of 5,645.88 lakhs.
The Standalone Unaudited Financial Results for the quarter also indicated strong performance, with total income reaching 10,003.86 lakhs. Total expenses were reported at 5,670.50 lakhs, and the profit after tax stood at 3,509.24 lakhs.
Strategic Acquisitions drive business growth
In addition to financial results, the company detailed significant developments regarding its subsidiaries. Subsequent to June 30, 2026, ICRA completed the acquisition of the remaining 1.25% equity share capital in Fintellix India Private Limited for a consideration of 3.17 crore, making Fintellix a wholly owned subsidiary.Earlier in the period, through its subsidiary ICRA Analytics Limited, ICRA acquired the remaining 40% stake in D2K Technologies India Private Limited for 32.02 crore. Following this acquisition, the related liability was remeasured and a gain of 6.76 crore was recognized under Other Income, resulting in D2K Technologies becoming a wholly owned subsidiary.
Segment performance review
The Group operates across several defined segments based on performance and resource allocation, including 'Ratings & ancillary services' and "Risk & Analytics."Total segment revenue for the quarter ended June 30, 2026, was 16,336.60 lakhs. Revenue from the two primary segments included: Ratings & ancillary services at 8,379.44 lakhs, and Risk & Analytics at 8,056.08 lakhs.
The segment profitability before tax stood at 7,611.54 lakhs for 'Ratings & ancillary services' (which recorded an exceptional item of 438.66 lakhs) and 7,279.79 lakhs for Risk & Analytics. The total segment results after exceptional items were 4,894.84 lakhs for Ratings & ancillary services and 1,558.18 lakhs for Risk & Analytics, before finance costs.
The following table details the operational figures across key financial metrics:
| Metric | Consolidated Results (Q1 FY26) | Standalone Results (Q1 FY26) |
|---|---|---|
| Total Income | 19,099.32 lakhs | 10,003.86 lakhs |
| Profit Before Tax | 7,172.88 lakhs | 4,333.36 lakhs |
| Total Tax Expense | 1,965.66 lakhs | 1,262.78 lakhs |
| Profit After Tax | 5,645.88 lakhs | 3,509.24 lakhs |
| Earnings Per Share (Basic) | 58.36 | 36.46 |
Audit and Entity Structure
The results were reviewed by Deloitte Haskins & Sells, Chartered Accountants. The consolidated unaudited financial results include the financial findings of the parent company and nine entities/subsidiaries, including ICRA Analytics Limited, ESG Ratings Limited, D2K Technologies India Private Limited, Fintellix India Private Limited, and various other international subsidiaries.The company noted that its business activity falls within a single primary operating segment: 'Ratings & ancillary services.'
ICRA Stock Price Movement
As of 1:47 PM, shares of ICRA Limited are gaining to ₹4820 as they climb higher by ₹44.50, representing a 0.93% rise in live trading. The stock has seen brisk activity today, with 45,833 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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