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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.
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