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ICRA Ltd

Q2 FY27Capital Markets

ICRA Q2 Results 2026 (FY27): Revenue ₹177.9 Cr, PAT ₹52.4 Cr

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Price₹4,438
Market cap₹4.3K Cr
P/E21.8
Updated29 Oct 2026
Read2 min read

ICRA Ltd Q2 FY27 key numbers

Revenue
Q2 FY2027 Group Revenue: ₹177.9 crore (up from ₹136.6 crore in Q2 FY2026) – ~30.2% YoY growth.

As stated in ICRA Ltd's Q2 FY27 investor presentation · published 29 Oct 2026. Reported figures, not investment advice.

Based on ICRA Ltd's Q2 FY27 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

Q2 FY2027 Group Revenue: ₹177.9 crore (up from ₹136.6 crore in Q2 FY2026) – ~30.2% YoY growth - H1 FY2027 Group Revenue: ₹341.2 crore (up from ₹261.1 crore in H1 FY2026)

From ICRA Ltd's Q2 FY27 earnings-call transcript · updated 29 Oct 2026.

Revenue & Sales Performance

  • Q2 FY2027 Group Revenue: ₹177.9 crore (up from ₹136.6 crore in Q2 FY2026) – ~30.2% YoY growth
  • H1 FY2027 Group Revenue: ₹341.2 crore (up from ₹261.1 crore in H1 FY2026)
  • Q2 FY2027 Profit After Tax (PAT): ₹52.4 crore (up from ₹48.0 crore in Q2 FY2026)
  • H1 FY2027 PAT: ₹108.9 crore (up from ₹90.8 crore in H1 FY2026)
  • Ratings segment Q2 revenue growth supported by credit activity across bank loans, bonds, CP, securitisation
  • Risk & Analytics (R&A) segment revenue growth led by Fintellix acquisition and steady demand
  • Ratings & ancillary services revenue share in Group ~53% in Q2 FY2027
  • CP outstanding grew 21.4% YoY as on Sep 30, 2026; securitisation volumes expected to reach ₹2.6–2.7 lakh crore in FY2027

2 more points from ICRA Ltd's call on revenue

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Profitability & Margins

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

Capital Expenditure Plans

It only broadly notes the following related to investment activity: - Government of India’s capex growth is budgeted at 14.3% for FY2027, which is expected to support investment activity. - Fiscal slippage risks could lead to discretionary Government spending cuts, potentially impacting growth. - External and domestic headwinds may constrain private capital expenditure broad-basing.

Top-ranked in Capital Markets

Ranked on what management guided this quarter

Guidance-ranked
1BSE
Rev 2Mar 3
2Nippon Life Ind.
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

See what ICRA Ltd said on order book & pipeline — free account, 30 seconds.

ICRA Ltd — Quarterly revenue & net profit

Revenue Net profit
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27

Q2 FY27 figures are not in this chart yet. Latest shown: Jun 2026 (Q1 FY27). The Q2 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹163 Cr, net profit ₹56 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What ICRA's management said in earlier quarters

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Frequently Asked Questions

What were ICRA Ltd Q2 FY27 results?

Q2 FY2027 Group Revenue: ₹177.9 crore (up from ₹136.6 crore in Q2 FY2026) – ~30.2% YoY growth - H1 FY2027 Group Revenue: ₹341.2 crore (up from ₹261.1 crore in H1 FY2026)

What is ICRA Ltd share price analysis?

ICRA Ltd currently shows a neutral. The stock trades at a P/E of 21.8 with a market cap of ₹4,283 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.