CARE Ratings (CARERATING) Q4 24/25 earnings summary

Executive summary

• Achieved record standalone and consolidated revenues in FY25, driven by strong growth in both domestic and overseas ratings, as well as non-rating verticals.

• Board recommended a final dividend of INR 11 per share, totaling INR 18 per share for the year, subject to AGM approval.

• Maintained a leading position in the Indian credit ratings market and expanded its global and ESG ratings footprint.

• Significant progress in digitization, automation, and AI integration across business processes.

• New subsidiary, CareEdge Global IFSC Limited, incorporated in April 2024.

Financial highlights

• Consolidated revenue from operations for FY25 was Rs. 40,231.75 lakhs, up 21% year-over-year.

• Standalone income from operations reached Rs. 33,668.50 lakhs, up 19% year-over-year.

• Consolidated operating profit (EBITDA) was Rs. 15,530 lakhs, up 39% year-over-year, with a 39% margin.

• Consolidated PAT increased 37% year-over-year to Rs. 14,000.19 lakhs.

• Earnings per share (EPS) for FY25 stood at Rs. 45.89 (consolidated) and Rs. 49.49 (standalone).

Outlook and guidance

• GDP growth projected to moderate to 6.2% in FY26, with global uncertainties as key headwinds.

• Focus remains on outpacing industry growth, scaling up non-rating businesses, and leveraging technology for efficiency.

• Continued investment in people, digital capabilities, and strategic growth drivers.

• Board recommended a final dividend of Rs. 11 per share, with total FY25 dividend at Rs. 18 per share, subject to AGM approval.