ICRA net declines 32% at Rs 10.52 cr in Q3

PTI Mumbai | Updated on January 25, 2013 Published on January 25, 2013

Ratings firm ICRA Ltd today said its net profit declined 32 per cent to Rs 10.52 crore for the quarter ended December 2012.

The profit in the year-ago period was at Rs 15.51 crore.

The operating income of the firm during the October-December quarter of 2012-13 grew by 4 per cent to Rs 38.45 crore, from Rs 36.96 crore a year earlier, ICRA said in a filing to the BSE.

“The growth in operating revenue was mainly led by debt ratings besides NSIC/SME business ratings, whereas bank loan ratings remained subdued during the period,” it said.

However, its total income declined by 6 per cent to Rs 39.20 crore, from Rs 41.52 crore because of lower other income during the period, it added.

Profit during April-December stood at Rs 32.89 crore, up 16 per cent from Rs 28.30 crore in the year-ago period.

For nine months ended December 31, its operating income stood at Rs 102.30 crore, as against Rs 96.05 crore in the nine months of 2011-12, a rise of 7 per cent.

Shares of the company today ended at Rs 1,433 apiece on the BSE, up 1.54 per cent from the previous close.

Published on January 25, 2013
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