ICRA Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Consistent revenue growth observed, peaking at ₹126.12 crore in Q2 FY24, indicating strong demand.
Net profit rebounded to ₹37.11 crore in the latest quarter, showing resilience after prior dips.
Operating profit margin improved to 29.26%, reflecting better cost management and operational efficiency.

NEGATIVES

Profit dropped to ₹32.15 crore in Q1 FY24, a significant decline from previous quarter's ₹40.63 crore.
Operating profit margin fell sharply to 20.55% in Q3 FY23, suggesting escalating costs or reduced efficiency.
Quarterly tax burden increased to ₹19.85 crore, impacting net profit margins.

Field	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25
Revenue	102.72	104.85	114.59	123.97	114.82	126.12	120.87	136.21	124.49	136.58
Expenses	68.09	70.80	84.34	74.12	79.64	84.86	78.71	77.05	84.74	88.05
Operating Profit	34.62	34.05	30.24	49.85	35.18	41.26	42.16	59.16	39.75	48.53
Other Income	17.76	16.36	17.17	23.68	17.89	20.04	18.85	20.62	24.36	20.91
Interest	0.32	0.31	2.85	6.93	2.15	0.34	1.07	1.24	1.65	0.86
Depreciation	2.32	2.84	3.84	4.47	3.71	4.01	4.19	4.48	4.09	4.21
Profit Before Tax	49.74	47.27	40.73	62.13	47.21	56.95	55.75	74.06	58.37	64.37
Tax	9.11	15.12	8.32	15.07	11.32	19.85	13.53	18.07	15.61	16.35
Net Profit	40.63	32.15	32.41	47.06	35.89	37.11	42.22	55.99	42.76	48.02
Eps in Rs	41.90	33.03	33.42	48.72	36.92	38.18	43.69	57.94	44.11	49.68