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ICRA Ltd

Q1 FY26Capital Markets

ICRA Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹4,443
Market cap₹4.4K Cr
P/E22.3
Updated25 Sept 2026
Read4 min read

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 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%. - 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. 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).
  • Research & Analytics: INR 14.9 crore (Q1 FY2026) vs. INR 13.4 crore (Q1 FY2025).

2 more points management made on revenue & sales performance

Profitability & Margins

See what ICRA Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The investor presentation contains limited specific details on capex, capacity expansion, or new projects. The relevant points stated are: - The Government of India (GoI) has room to increase capital expenditure (capex) growth to 14.2% YoY in FY2026, supporting overall investment activity. (Page 5) - Bond issuances hit a quarterly high in Q1 FY2026, supported by rate cuts and shift from bank credit, promoting funding for growth sectors. (Page 7) - Commercial paper volumes rose sharply and securitisation activity remained robust, aiding funding availability. (Page 7) - Electricity capacity addition of about 44 GW is likely in FY2026. (Page 10)

2 more points management made on capital expenditure plans

Top-ranked in Capital Markets

Ranked on what management guided this quarter

5x potential
1BSE
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what ICRA Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not explicitly mention order book, order inflow, or pending orders. However, the relevant points provided are: - Q1 FY2026 saw a quarterly high in bond issuances, supported by rate cuts and a shift from bank credit. - Commercial paper (CP) volumes rose sharply. - Securitisation activity remained robust across key segments.

2 more points management made on order book & pipeline

ICRA Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹175 Cr, net profit ₹53 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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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%. - 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. 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.

Is ICRA Ltd planning capital expenditure?

The investor presentation contains limited specific details on capex, capacity expansion, or new projects.

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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.