Bigul

ICRA LTD. - 532835 - Closure of Trading Window

Pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, the trading window for dealing in the shares of ICRA Limited (the 'Company') shall remain closed from February 12, 2022 till 48 hours after the declaration of financial results of the Company for the quarter and financial year ending March 31, 2022. As per the Code of Conduct of the Company for Prohibition of Insider Trading framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, the Designated Persons and their Immediate Relatives are not allowed to trade in the shares of the Company during the closure of trading window. You are requested to take on record the above.
11-02-2022
Bigul

ICRA LTD. - 532835 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
10-02-2022

Rating agency ICRA lowers MFI asset growth estimate to 12-14% for FY22

Next year to be better; but spurt in Covid-19 cases poses risks
07-02-2022

'Domestic 2-wheeler sales dip 21% in Jan; recovery likely in coming months'

The low year-on-year sales volume in January highlights the adverse impact of price hikes, fuel inflation, and Omicron-related concerns on consumer sentiments, says ICRA
02-02-2022
Bigul

ICRA LTD. - 532835 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Please find enclosed copies of the extracts of the unaudited Financial Results (Standalone & Consolidated) of ICRA Limited (the 'Company') for the third quarter and nine months ended December 31, 2021 published in the following newspapers on January 27, 2022, pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015: 1. Financial Express 2. Jansatta
27-01-2022
Bigul

Q3FY22 Quarterly Result Announced for ICRA Ltd.

Other Financial Services company ICRA declares Q3FY22 result: For the quarter ended December 31, 2021, the company’s operating income was Rs. 48.7 crore, as against Rs. 46.9 crore in the corresponding quarter of the previous financial year, showing a growth of 3.8%. Growth in the Company’s ratings revenue during the quarter was achieved mainly due to traction in fresh business. During this quarter, bond issuances saw a growth over the corresponding quarter of the previous year supported by issues from Banks and NBFCs. The bank credit to large industry however continued to be tepid as pickup in economic activity got weighed down by supply side disruptions. Other income was at Rs. 7.2 crore, lower by 26.6% during the quarter on YoY basis, due to lower interest rate environment. The company has diversified its investment portfolio by investing in debt oriented mutual fund schemes for earning better post tax returns and in corporate deposits of highly rated financial institutions. The employees benefit expenses during the current quarter were lower by 11.1% on YoY basis mainly due to attrition and consequent reduction in variable pay provision. Other expenses were higher by 18.9% on YoY basis mainly due to higher bad debts & provisions, recruitment cost, other office and administrative overheads etc. The PBT for the quarter was at Rs. 21.7 crore as against Rs. 20.4 crore YoY basis, higher by 6.2%. The PAT for quarter was at Rs. 16.5 crore as against Rs. 15.4 crore YoY basis, higher by 7.3% due to higher revenue and lower overall expenses. For the nine months ended on December 31, 2021, ICRA’s standalone revenue from operation was Rs. 142.4 crore, compared to Rs. 132.8 crore, higher by 7.2%. The PBT and PAT were at Rs. 66.9 crore and Rs. 54.5 crore, respectively, as compared to Rs. 49.6 crore and Rs. 36.7 crore. The PBT and PAT were higher by 34.9% and 48.7%, respectively, as compared to the corresponding period of the previous year, due to higher revenue growth, lower expenses growth and dividend from a subsidiary company. For the quarter ended December 31, 2021, the consolidated operating income was at Rs. 86.6 crore, against Rs. 77.3 crore on YoY basis, reflecting a growth of 11.9%. The Other income was lower by 21.1%, over the corresponding quarter of the previous financial year. Consolidated PBT was at Rs. 41.3 crore, higher by 26.8%, and PAT was at Rs. 31.1 crore, higher by 27.2% on YoY basis. Ratings, research, and other services segment, including foreign subsidiaries, has grown by 3.7% on YoY basis. Outsourced and information services segment grew by 30.8% due to increase in business from existing and new clients, whereas Consulting services de-grew by 5% due to challenges in external environment and de-focus on certain unprofitable segments of our business. For the nine months ended on December 31, 2021, ICRA’s consolidated revenue from operation was Rs. 249.1 crore, compared to Rs. 219.0 crore, higher by 13.8%. The other income was lower by 8.5%, over the corresponding period of the previous year. The PBT and PAT were at Rs. 105.5 crore and Rs. 79.8 crore, respectively, as compared to Rs. 81.5 crore and Rs. 60.2 crore, respectively. The PBT was higher by 29.5% and the PAT was higher by 32.6%, as compared to the corresponding period of the previous year. Result PDF
26-01-2022
Bigul

ICRA LTD. - 532835 - Announcement under Regulation 30 (LODR)-Investor Presentation

Pursuant to the applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Investor Presentation Q3 FY22.
26-01-2022
Bigul

ICRA LTD. - 532835 - Announcement under Regulation 30 (LODR)-Change in Management

Please refer to our disclosure dated January 14, 2022, informing that Mr. Vipul Agarwal, Group Chief Financial Officer of ICRA Limited (the 'Company'), has resigned to pursue external career opportunities. Pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we would like to inform you that the Board of Directors at its meeting held today, has approved the appointment of Mr. Amit Kumar Gupta as a Chief Financial Officer for an interim period, effective from March 10, 2022. Mr. Gupta will continue to hold his current key managerial position of General Counsel of the Company. The Nomination and Remuneration Committee of the Company is in the process of identifying the full-time Group Chief Financial Officer. Disclosures as required under Part A of Schedule III of the Listing Regulations are enclosed. Kindly take the above on record.
25-01-2022
Bigul

ICRA LTD. - 532835 - Board Meeting Outcome for Outcome Of The Board Meeting Dated January 25, 2022; Commenced At 7:06Pm And Concluded At 8:40Pm

Pursuant to Regulations 30, 33 and any other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), please find enclosed the Unaudited Financial Results (Standalone & Consolidated) of ICRA Limited (the 'Company') for the third quarter and nine months ended December 31, 2021, reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on January 25, 2022. A copy of the press release on the Unaudited Financial Results is also enclosed. Please also find enclosed the Limited Review Reports submitted by M/s. B S R & Co. LLP, Chartered Accountants, (FRN: 101248W/W-100022), the Statutory Auditors of the Company. Kindly take the above on record.
25-01-2022
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