New Delhi, ICRA on Thursday reported 22 per cent rise in net profit to Rs 47.06 crore in the March 2024 quarter.
The domestic rating agency had a consolidated profit after tax of Rs 38.63 crore in the March quarter of FY 2022-23.
Consolidated revenue from operations rose 13.7 per cent to Rs 124 crore in the fourth quarter ended March 31, 2024, compared to Rs 109.1 crore a year ago.
For the full financial year 2023-24, profit after tax increased by 11 per cent to Rs 152.2 crore. The consolidated net profit in the financial year 2022-23 was Rs 136.73 crore.
Consolidated revenue from operations grew 10.6 per cent to Rs 446.1 crore during FY24 from Rs 403.2 crore in the previous fiscal.
The Board of Directors recommended a final dividend of Rs 40 on each equity share at face value Rs 10. Additionally, the board has recommended a special dividend of Rs 60 per equity share.
The recommended total dividend for the financial year ending March 31, 2024 is Rs 100 per equity share, as against Rs 130 per equity share for FY23, including a special dividend of Rs 90 per equity share.
Ramnath Krishnan, Managing Director and Group CE, Ramnath Krishnan said, “ICRA's ratings have delivered strong revenue growth as bond issuances, bank credit and securitization continued their healthy growth path. ICRA Analytical Developments are part of our core banking And the risk was driven by a focus on growing businesses through innovative solutions." of ICRA, said.
The domestic rating agency had a consolidated profit after tax of Rs 38.63 crore in the March quarter of FY 2022-23.
Consolidated revenue from operations rose 13.7 per cent to Rs 124 crore in the fourth quarter ended March 31, 2024, compared to Rs 109.1 crore a year ago.
For the full financial year 2023-24, profit after tax increased by 11 per cent to Rs 152.2 crore. The consolidated net profit in the financial year 2022-23 was Rs 136.73 crore.
Consolidated revenue from operations grew 10.6 per cent to Rs 446.1 crore during FY24 from Rs 403.2 crore in the previous fiscal.
The Board of Directors recommended a final dividend of Rs 40 on each equity share at face value Rs 10. Additionally, the board has recommended a special dividend of Rs 60 per equity share.
The recommended total dividend for the financial year ending March 31, 2024 is Rs 100 per equity share, as against Rs 130 per equity share for FY23, including a special dividend of Rs 90 per equity share.
Ramnath Krishnan, Managing Director and Group CE, Ramnath Krishnan said, “ICRA's ratings have delivered strong revenue growth as bond issuances, bank credit and securitization continued their healthy growth path. ICRA Analytical Developments are part of our core banking And the risk was driven by a focus on growing businesses through innovative solutions." of ICRA, said.
