CARE Ratings Limited — Updates, 23-10-2024: Press Release

CARE Ratings Limited reported strong financial results for Q2 and H1 FY25, with revenue from operations growing 21% year-over-year to ₹196.29 crore, and a consolidated EBITDA margin of 40%. The ratings business grew by 19%, while non-ratings business increased by 37%, contributing 9.5% to total revenue. The Board declared an interim dividend of ₹7 per share. The company is expanding internationally and improving its services, including a recent foray into ESG ratings.