CARE Ratings Q2 FY25 earnings call: Revenue & Margins

The investor presentation does not explicitly mention any fundraising through debt or equity, nor does it state any change in borrowings or net debt. Key relevant points include: - Fundraising activity in the economy improved post-election in Q2 FY25, with corporate bond issuances rising 68% YoY to Rs. 3.11 lakh crore and commercial paper issuances growing 14% YoY to Rs. 3.74 lakh crore (Page 8). - No specific reference to CARE Ratings Limited’s own fundraising via debt or equity is made. - There is no disclosure of changes in borrowings, net debt, or any new debt/equity issuance by CARE Ratings Limited in the Q2 & H1FY25 investor presentation. The focus primarily remains on credit ratings business performance, outreach, CSR, and company financial highlights without highlighting capital raising or debt changes.