ICRA Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 investor presentation: what the company reported on revenue, margins and capex.
- Revenue
- ₹124Cr
- +7.8% YoY
- −8.8% QoQ
- Net profit
- ₹43Cr
- +19.4% YoY
- −23.2% QoQ
- Margin
- 32%
- +1 pp YoY
- −11 pp QoQ
Guidance rank: #22 of 27 in Capital Markets
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Based on ICRA Ltd's Q1 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Revenue for Q1 FY2026 was INR 124.5 crore, up from INR 114.8 crore in Q1 FY2025, a growth of 8.4%. EBITDA for Q1 FY2026: ₹37.9 crore, up from ₹31.5 crore in Q1 FY2025 (20.3% YoY growth).
From ICRA Ltd's Q1 FY26 earnings-call transcript · updated 25 Sept 2026.
Revenue & Sales Performance
- Revenue for Q1 FY2026 was INR 124.5 crore, up from INR 114.8 crore in Q1 FY2025, a growth of 8.4%.
- Profit after Tax for Q1 FY2026 was INR 42.8 crore compared to INR 35.9 crore in Q1 FY2025, a 19.2% increase.
- Segment Revenue Growth:
- Ratings & ancillary services: INR 74.2 crore (Q1 FY2026) vs. INR 65.0 crore (Q1 FY2025).
- Research & Analytics: INR 37.9 crore (Q1 FY2026) vs. INR 31.5 crore (Q1 FY2025).
- Segment Results Growth:
- Ratings & ancillary services: INR 23.0 crore (Q1 FY2026) vs. INR 18.1 crore (Q1 FY2025).
2 more points from ICRA Ltd's call on revenue
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Profitability & Margins
EBITDA for Q1 FY2026: ₹37.9 crore, up from ₹31.5 crore in Q1 FY2025 (20.3% YoY growth).
Locked: what ICRA Ltd said on margins
Also locked on this page: capex, fundraising, order book
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Capital Expenditure Plans
See what ICRA Ltd said on capital expenditure plans — free account, 30 seconds.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
Page 7 highlights business growth and revenue.
Locked: what ICRA Ltd said on fundraising
Also locked on this page: margins, capex, order book
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Order Book & Pipeline
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ICRA Ltd — Quarterly revenue & net profit
ICRA Ltd Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 124 | 115 | +7.8% | 136 | -8.8% |
| Operating profit (EBITDA) | 40 | 35 | +14.3% | 59 | -32.2% |
| Operating margin | 32% | 31% | +1 pp | 43% | -11 pp |
| Profit before tax | 58 | 47 | +23.4% | 74 | -21.6% |
| Net profit (PAT) | 43 | 36 | +19.4% | 56 | -23.2% |
| EPS (₹) | 43.97 | 36.80 | +19.5% | 57.75 | -23.9% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹178 Cr, net profit ₹52 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What ICRA's management said in earlier quarters
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Frequently Asked Questions
What were ICRA Ltd Q1 FY26 results?
Revenue for Q1 FY2026 was INR 124.5 crore, up from INR 114.8 crore in Q1 FY2025, a growth of 8.4%. EBITDA for Q1 FY2026: ₹37.9 crore, up from ₹31.5 crore in Q1 FY2025 (20.3% YoY growth).
What is ICRA Ltd share price analysis?
ICRA Ltd currently shows a neutral. The stock trades at a P/E of 22.3 with a market cap of ₹4,386 Cr. Investors should review the full earnings analysis for detailed insights.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.