ICRA Q3 FY25: Revenue ₹120.9 Cr
Q3 FY25 investor presentation: what the company reported on revenue, margins and capex.
- Revenue
- ₹121Cr
- +5.2% YoY
- −4% QoQ
- Net profit
- ₹42Cr
- +31.3% YoY
- +13.5% QoQ
- Margin
- 35%
- +9 pp YoY
- +2 pp QoQ
Guidance rank: #22 of 27 in Capital Markets
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Based on ICRA Ltd's Q3 FY25 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
Q3 FY2025 Revenue: ₹120.9 crore, up 5.5% YoY from ₹114.6 crore in Q3 FY2024 (Page 6).
From ICRA Ltd's Q3 FY25 earnings-call transcript · updated 25 Sept 2026.
Revenue & Sales Performance
- Q3 FY2025 Revenue: ₹120.9 crore, up 5.5% YoY from ₹114.6 crore in Q3 FY2024 (Page 6).
- 9M FY2025 Revenue: ₹361.8 crore, up 12.3% YoY from ₹322.2 crore in 9M FY2024 (Page 6).
- Ratings and ancillary services segment revenue in Q3 FY2025 increased with bond issuances growing ~35% YoY, driven by strong NBFC issuances (Pages 6 and 7).
- Research & Analytics showed modest revenue growth in Q3 FY2025 with strong domestic growth but lower international orders (Page 6).
- Profit after tax for Q3 FY2025 was ₹42.2 crore, up 30.3% YoY from ₹32.4 crore (Page 6).
- Segmental breakout shows Ratings and ancillary services revenue of ₹49.2 crore in Q3 FY2025 vs ₹48.7 crore in Q3 FY2024 (Page 7).
2 more points from ICRA Ltd's call on revenue
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Profitability & Margins
Profit after tax (PAT) for Q3 FY2025 is INR 42.2 crore, a 30.3% increase YoY from INR 32.4 crore in Q3…
Locked: what ICRA Ltd said on margins
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Capital Expenditure Plans
- Government of India’s capex is budgeted to rise by 10.1% in FY2026, supporting investment activity. (Page 4)
- Data center operational capacity in India is expected to double from 950 MW in FY2024 to 2,000-2,100 MW by FY2027. (Page 10 & 9)
- This data center expansion will involve investments worth approximately Rs. 50,000-55,000 crore (~US$ 5.9 - 6.5 billion) over the period to FY2027. (Page 10 & 9)
2 more points from ICRA Ltd's call on capex
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Top-ranked in Capital Markets
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
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Order Book & Pipeline
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ICRA Ltd — Quarterly revenue & net profit
ICRA Ltd Q3 FY25 results — key figures
| ₹ Cr | Q3 FY25 | Q3 FY24 | YoY | Q2 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 121 | 115 | +5.2% | 126 | -4% |
| Operating profit (EBITDA) | 42 | 30 | +40% | 41 | +2.4% |
| Operating margin | 35% | 26% | +9 pp | 33% | +2 pp |
| Profit before tax | 56 | 41 | +36.6% | 57 | -1.8% |
| Net profit (PAT) | 42 | 32 | +31.3% | 37 | +13.5% |
| EPS (₹) | 43.55 | 33.31 | +30.7% | 38.05 | +14.5% |
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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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were ICRA Ltd Q3 FY25 results?
Q3 FY2025 Revenue: ₹120.9 crore, up 5.5% YoY from ₹114.6 crore in Q3 FY2024 (Page 6).
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?
Government of India’s capex is budgeted to rise by 10.1% in FY2026, supporting investment activity.
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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.