ICRA quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	178	137	+30.2%
EBITDA	65.8	48.5	+35.5%
EBITDA margin	37.0%	35.5%	+1.4 pts
Profit before tax	72.0	64.4	+11.8%
Net profit	52.4	48.0	+9.2%
EPS	₹54.20	₹49.68	+9.1%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	178	163	175	164	137	124	136	121	126	115	124	115	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	17.4	27.6	14.2	15.6	20.9	24.4	20.6	18.9	20.0	17.9	23.7	17.2
	195	191	189	179	157	149	157	140	146	133	148	132
	89.4	87.3	84.3	83.6	72.5	69.7	61.1	64.6	70.4	65.0	60.2	67.0
	0.4	0.4	0.9	1.0	0.9	1.6	1.2	1.1	0.3	2.1	6.9	2.9
	10.8	10.5	10.0	10.0	4.2	4.1	4.5	4.2	4.0	3.7	4.5	3.8
	22.7	21.0	21.0	22.8	15.6	15.0	15.9	14.1	14.5	14.7	13.9	17.4
	123	119	116	117	93.1	90.5	82.8	84.0	89.2	85.5	85.5	91.0
	65.8	55.1	69.6	57.2	48.5	39.7	59.2	42.2	41.3	35.2	49.8	30.2
	55.0	44.5	59.6	47.2	44.3	35.7	54.7	38.0	37.2	31.5	45.4	26.4
Profit
	72.0	71.7	72.8	61.8	64.4	58.4	74.1	55.8	57.0	47.2	62.1	40.7
	0.0	4.4	0.0	−6.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	72.0	76.1	72.8	54.9	64.4	58.4	74.1	55.8	57.0	47.2	62.1	40.7
	20.6	16.8	18.3	20.1	13.6	12.2	14.6	11.4	17.3	10.7	12.7	8.8
	−1.0	2.9	1.8	−4.3	2.8	3.4	3.4	2.1	2.5	0.6	2.4	−0.5
	19.6	19.7	20.1	15.9	16.3	15.6	18.1	13.5	19.8	11.3	15.1	8.3
	52.4	56.5	52.7	39.1	48.0	42.8	56.0	42.2	37.1	35.9	47.1	32.4
	52.4	56.5	52.7	39.1	48.0	42.8	56.0	42.2	37.1	35.9	47.1	32.4
	0.3	0.0	0.2	0.0	0.1	−0.4	−0.3	−0.4	0.1	−0.1	−0.3	−0.8
	52.8	56.5	52.9	39.1	48.1	42.4	55.7	41.9	37.2	35.8	46.8	31.6
	52.2	56.2	52.5	38.8	47.8	42.4	55.7	42.0	36.7	35.5	—	32.2
	0.3	0.3	0.2	0.2	0.2	0.3	0.3	0.2	0.4	0.4	—	0.3
Per share
	₹54.20	₹58.36	₹54.50	₹40.34	₹49.68	₹44.11	₹57.94	₹43.69	₹38.18	₹36.92	₹48.72	₹33.42
	₹54.07	₹58.27	₹54.43	₹40.27	₹49.57	₹44.05	₹57.86	₹43.63	₹38.11	₹36.90	₹48.64	₹33.42
Other comprehensive income — detail
	0.3	0.0	0.2	0.0	0.1	−0.4	−0.3	—	—	—	—	—
	0.2	−0.1	0.2	−0.2	0.1	−0.5	−0.3	−0.5	0.0	−0.1	−0.4	−1.1
	−0.0	0.0	0.1	−0.1	0.0	−0.1	−0.1	—	—	—	—	—
	—	—	—	—	—	—	—	−0.1	−0.0	−0.0	−0.1	−0.3
	0.1	0.1	0.1	0.2	0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	−0.0
	52.5	56.2	52.7	38.8	47.9	42.1	55.5	41.7	36.8	35.4	46.6	31.3
	0.3	0.3	0.2	0.2	0.2	0.3	0.3	0.2	0.4	0.4	0.2	0.3
Per share — as-filed variants
	₹54.20	₹58.36	₹54.50	₹40.34	₹49.68	₹44.11	₹57.94	₹43.69	₹38.18	₹36.92	₹48.72	₹33.42
	₹54.07	₹58.27	₹54.43	₹40.27	₹49.57	₹44.05	₹57.86	₹43.63	₹38.11	₹36.90	₹48.64	₹33.42
Adjusted (ex-exceptional items) — derived
	72.0	71.7	72.8	61.8	64.4	58.4	74.1	55.8	57.0	47.2	62.1	40.7
	0.0	4.4	0.0	−6.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	52.4	53.2	52.7	44.0	48.0	42.8	56.0	42.2	37.1	35.9	47.1	32.4
	₹54.20	₹55.00	₹54.50	₹45.42	₹49.68	₹44.11	₹57.94	₹43.69	₹38.18	₹36.92	₹48.72	₹33.42

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

ICRA₹4,437.60

ICRA Limited

· Banking & Finance

Annual Quarterly₹ CrorePeersCARERATINGMcap ₹4,283 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	114.6	124.0	114.8	126.1	120.9	136.2	124.5	136.6	163.6	174.9	163.4	177.9
Other Income	17.2	23.7	17.9	20.0	18.9	20.6	24.4	20.9	15.6	14.2	27.6	17.4
Total Income	131.8	147.6	132.7	146.2	139.7	156.8	148.9	157.5	179.2	189.0	191.0	195.2
Expenses
+ Employee Benefit Expense	67.0	60.2	65.0	70.4	64.6	61.1	69.7	72.5	83.6	84.3	87.3	89.4
+ Finance Costs	2.9	6.9	2.1	0.3	1.1	1.2	1.6	0.9	1.0	0.9	0.4	0.4
+ Depreciation & Amortisation	3.8	4.5	3.7	4.0	4.2	4.5	4.1	4.2	10.0	10.0	10.5	10.8
+ Other Expenses	17.4	13.9	14.7	14.5	14.1	15.9	15.0	15.6	22.8	21.0	21.0	22.7
Total Expenses	91.0	85.5	85.5	89.2	84.0	82.8	90.5	93.1	117.3	116.2	119.3	123.3
EBITDA	30.2	49.8	35.2	41.3	42.2	59.2	39.7	48.5	57.2	69.6	55.1	65.8
EBIT	26.4	45.4	31.5	37.2	38.0	54.7	35.7	44.3	47.2	59.6	44.5	55.0
Profit
PBT before Exceptional Items	40.7	62.1	47.2	57.0	55.8	74.1	58.4	64.4	61.8	72.8	71.7	72.0
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-6.9	0.0	4.4	0.0
Pretax Income	40.7	62.1	47.2	57.0	55.8	74.1	58.4	64.4	54.9	72.8	76.1	72.0
+ Current Tax	8.8	12.7	10.7	17.3	11.4	14.6	12.2	13.6	20.1	18.3	16.8	20.6
+ Deferred Tax	-0.5	2.4	0.6	2.5	2.1	3.4	3.4	2.8	-4.3	1.8	2.9	-1.0
Tax Expense	8.3	15.1	11.3	19.8	13.5	18.1	15.6	16.3	15.9	20.1	19.7	19.6
Net Income	32.4	47.1	35.9	37.1	42.2	56.0	42.8	48.0	39.1	52.7	56.5	52.4
+ Net Income — Continuing Ops	32.4	47.1	35.9	37.1	42.2	56.0	42.8	48.0	39.1	52.7	56.5	52.4
+ Other Comprehensive Income	-0.8	-0.3	-0.1	0.1	-0.4	-0.3	-0.4	0.1	0.0	0.2	0.0	0.3
Total Comprehensive Income	31.6	46.8	35.8	37.2	41.9	55.7	42.4	48.1	39.1	52.9	56.5	52.8
Net Income to Common	32.2	—	35.5	36.7	42.0	55.7	42.4	47.8	38.8	52.5	56.2	52.2
Minority Interest	0.3	—	0.4	0.4	0.2	0.3	0.3	0.2	0.2	0.2	0.3	0.3
Per Share
Basic EPS	33.42	48.72	36.92	38.18	43.69	57.94	44.11	49.68	40.34	54.50	58.36	54.20
Diluted EPS	33.42	48.64	36.90	38.11	43.63	57.86	44.05	49.57	40.27	54.43	58.27	54.07
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-0.3	-0.4	0.1	0.0	0.2	0.0	0.3
+ Items NOT to be Reclassified to P&L	-1.1	-0.4	-0.1	0.0	-0.5	-0.3	-0.5	0.1	-0.2	0.2	-0.1	0.2
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-0.1	-0.1	0.0	-0.1	0.1	0.0	-0.0
+ Tax on Items NOT to be Reclassified — alt tag	-0.3	-0.1	-0.0	-0.0	-0.1	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	-0.0	0.0	0.0	0.0	0.0	-0.0	-0.0	0.0	0.2	0.1	0.1	0.1
Comprehensive Income — Owners of Parent	31.3	46.6	35.4	36.8	41.7	55.5	42.1	47.9	38.8	52.7	56.2	52.5
Comprehensive Income — Non-controlling Interests	0.3	0.2	0.4	0.4	0.2	0.3	0.3	0.2	0.2	0.2	0.3	0.3
Per Share — as-filed variants
Basic EPS — Continuing Operations	33.42	48.72	36.92	38.18	43.69	57.94	44.11	49.68	40.34	54.50	58.36	54.20
Diluted EPS — Continuing Operations	33.42	48.64	36.90	38.11	43.63	57.86	44.05	49.57	40.27	54.43	58.27	54.07
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	40.7	62.1	47.2	57.0	55.8	74.1	58.4	64.4	61.8	72.8	71.7	72.0
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-6.9	0.0	4.4	0.0
Net Income Adj (tax-effected)	32.4	47.1	35.9	37.1	42.2	56.0	42.8	48.0	44.0	52.7	53.2	52.4
EPS Adj	33.42	48.72	36.92	38.18	43.69	57.94	44.11	49.68	45.42	54.50	55.00	54.20
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

ICRA Q2 FY27 results (July–September 2026)

Filed with NSE on Thursday, 29 October 2026 at 6:04 pm IST

ICRA (NSE: ICRA) reported its Q2 FY27 results (July–September 2026) on Thursday, 29 October 2026 at 6:04 pm IST. Consolidated net profit was ₹52.2 crore, up 9.1% from ₹47.8 crore in Q2 FY26 and down 7.1% from ₹56.2 crore in Q1 FY27. Revenue from operations was ₹178 crore, up 30.2% year on year and up 8.9% from the previous quarter.

Q2 FY26 results (a year earlier): 28 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹52.2 Cr+9.1% vs Q2 FY26−7.1% vs Q1 FY27
Revenue from operations: ₹178 Cr+30.2% vs Q2 FY26+8.9% vs Q1 FY27
Operating margin (EBIT): 30.9%−1.5 pts vs Q2 FY26+3.6 pts vs Q1 FY27EBIT ₹55 Cr
EBITDA: ₹65.8 Cr+35.5% vs Q2 FY26+19.4% vs Q1 FY27margin 37.0%
Earnings per share (basic): ₹54.20+9.1% vs Q2 FY26−7.1% vs Q1 FY27
Net profit margin: 29.3%−5.7 pts vs Q2 FY26−5.0 pts vs Q1 FY27

Questions

What was ICRA's net profit in Q2 FY27?

Consolidated net profit was ₹52.2 crore, up 9.1% from ₹47.8 crore in Q2 FY26 and down 7.1% from ₹56.2 crore in Q1 FY27.

What was ICRA's revenue in Q2 FY27?

Revenue from operations was ₹178 crore, up 30.2% year on year and up 8.9% from the previous quarter.

What was ICRA's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹55 crore, a margin of 30.9%, against 27.3% in Q1 FY27 and 32.5% in Q2 FY26. EBITDA was ₹65.8 crore, 37.0% of revenue.

How were ICRA's Q2 FY27 results?

Both grew from a year earlier: net profit was up 9.1% at ₹52.2 crore and revenue was up 30.2% at ₹178 crore. The operating margin was 30.9%, down 1.5 percentage points from 32.5% a year earlier. Against Q1 FY27, net profit was down 7.1% and revenue up 8.9%.

What was ICRA's net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹108 crore, up 20.0% from ₹90.2 crore in the same months a year earlier. Revenue from operations was ₹341 crore, up 30.7%.

What is ICRA's net profit margin?

ICRA's net profit margin was 29.3% in Q2 FY27 (net profit as a share of revenue from operations), against 35.0% in Q2 FY26 (down 5.7 percentage points). For FY26 as a whole it was 30.3%.

What was ICRA's EPS in Q2 FY27?

Basic earnings per share were ₹54.20, against ₹49.68 in Q2 FY26.

What was ICRA's net profit in FY26?

Consolidated net profit was ₹182 crore in FY26 (April 2025–March 2026), up 6.8% from ₹170 crore in FY25. It was ₹152 crore in FY24 and ₹137 crore in FY23: up 32.8% over three years, 9.9% a year on average.

When did ICRA announce its Q2 FY27 results?

On Thursday, 29 October 2026 at 6:04 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 28 October 2025.

How has ICRA's profit changed over the last four quarters?

Net profit by quarter: ₹38.8 crore in Q3 FY26, ₹52.5 crore in Q4 FY26, ₹56.2 crore in Q1 FY27 and ₹52.2 crore in Q2 FY27. That is ₹200 crore over the four quarters, up 6.2% from ₹188 crore in the four quarters before. Revenue from operations: ₹164 crore, ₹175 crore, ₹163 crore and ₹178 crore.

What was ICRA's revenue in FY26?

Revenue from operations was ₹600 crore in FY26 (April 2025–March 2026), up 20.4% from ₹498 crore in FY25. It was ₹446 crore in FY24 and ₹403 crore in FY23: up 48.7% over three years, 14.1% a year on average.

When will ICRA announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these ICRA figures come from?

From ICRA's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 29 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.