Consolidated revenue from operations for ICRA Limited rose by 5.5% in Q3 FY2025, reaching ₹120.9 crore, while revenue for the nine months of FY2025 increased by 12.3% to ₹361.8 crore. Profit after tax (PAT) saw substantial growth, climbing 30.3% to ₹42.2 crore in Q3 and up 9.5% to ₹115.2 crore for the nine-month period. Key drivers included a surge in bond issuances, particularly from non-banking financial companies (NBFCs), which soared by 65% year-on-year.
ICRA continues to bolster its analytics capabilities and research output, hosting significant market events and publishing 147 research reports. Looking ahead, despite economic uncertainty and mixed indicators for Q4 FY2025, ICRA maintains a GDP growth estimate of 6.5% for FY2025. The organization is well-positioned to leverage evolving research requirements and enhance its service offerings, indicating a positive outlook for stakeholders.