CARE Ratings posts decent quarter with 16.4% YoY increase in PAT
DSIJ Intelligence / 22 Aug 2017
The company reported PAT of Rs 35.5 crore, which represents a sequential QoQ decline of 2.47 percent and a YoY increase of 16.4 percent.
CARE Ratings Ltd. reported its results for the quarter ended June 30, 2017 today.
The company's total sales for Q1FY18 came in at Rs 61.4 crore, which represents 19.63 percent sequential decline and 7.53 percent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 17.3 crore and its EBIT margin stood at 28.18 percent.
The company reported PAT of Rs 35.5 crore, which represents a sequential QoQ decline of 2.47 percent and a YoY increase of 16.4 percent.
CARE Ratings Limited, formerly Credit Analysis and Research Limited, is a credit rating agency. The company is engaged in providing financial services other than securities dealing activities. The company's segments include ratings and related services, and others. The company serves various market segments, such as corporates, including debt ratings, bank loan ratings and issuer ratings; financial sector, including credit quality ratings and capital protection-oriented scheme ratings; public finance, including assessment of the credit quality of states and local bodies and project finance. Its offerings for small and medium enterprises (SME) include SME ratings, bank loan ratings, channel partner evaluation, SME fundamental grading and due diligence service.
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