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ICRA posts steady Q2 growth as ratings business drives profitability
ICRA’s Q2 profit rose 29% to ₹48 crore while revenue grew 8.3%, supported by strong activity in its core ratings business and expanding debt market coverage.
ICRA reported a 29% year-over-year rise in Q2 net profit to ₹48 crore, supported by an 8.3% revenue increase to ₹136.6 crore led primarily by its credit ratings division. Growing demand for corporate ratings, increased bond issuances, and broader coverage across debt instruments contributed to the firm’s performance. Operational expansion and disciplined cost management further supported profitability.
With India’s debt markets seeing higher activity and refinancing cycles strengthening, ICRA’s earnings outlook remains stable heading into upcoming quarters.