CARE Ratings (CARERATING) Q1 24/25 earnings summary

Executive summary

• Revenue from operations grew 19% year-over-year to ₹78.92 Cr on a consolidated basis in Q1 FY25.

• Consolidated PAT increased 16% year-over-year to ₹21.38 Cr, with PAT margin stable at 24%.

• Standalone revenue rose 16% year-over-year to ₹65.34 Cr, with EBITDA up 10% and PAT up 11%.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved by the Board on August 7, 2024.

• Board approved changes in the composition of its committees, effective immediately.

Financial highlights

• Consolidated EBITDA grew 22% year-over-year to ₹21.82 Cr, with margin at 28%.

• Standalone EBITDA margin was 34%, PAT margin 31%, and EPS increased 10% to ₹8.04.

• Consolidated EPS rose 16% year-over-year to ₹6.94.

• Total consolidated expenses increased 17% year-over-year to ₹60.36 Cr.

• Consolidated profit before tax was ₹3,042.69 lakhs, up from ₹2,641.39 lakhs year-over-year.

Segment performance

• Ratings business contributed 90% of consolidated revenue, growing 19% year-over-year.

• Ratings and related services contributed ₹7,065.20 lakhs in segment revenue, while 'Others' contributed ₹844.10 lakhs for the quarter.

• Non-ratings business contributed ₹8.27 Cr, up 31% year-over-year.

• Segment results before finance costs and tax: Ratings and related services at ₹2,262.32 lakhs, 'Others' at -₹360.49 lakhs.