ICRA Limited (NSE:ICRA)

ICRA Limited Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	5,182	4,980	4,461	4,032	3,428	3,011
Revenue Growth (YoY)	8.06%	11.63%	10.63%	17.63%	13.87%	-6.24%
Cost of Revenue	2,731	2,663	2,469	2,224	1,919	1,829
Gross Profit	2,450	2,317	1,993	1,808	1,509	1,181
Selling, General & Admin	11.85	11.85	13.85	13.38	13.13	7.62
Other Operating Expenses	539.55	525.05	447.24	361.48	287.05	354.65
Operating Expenses	721.09	700.85	595.73	473.15	378.31	457.1
Operating Income	1,729	1,616	1,397	1,335	1,131	724.34
Interest Expense	-48.26	-48.03	-104.09	-14.13	-15.61	-20.57
Interest & Investment Income	179.62	179.62	159	251.98	295.65	379.64
Currency Exchange Gain (Loss)	-0.4	-0.4	3.2	15.11	6.06	-5.61
Other Non Operating Income (Expenses)	73.77	0.42	5.01	3.32	1.15	2.22
EBT Excluding Unusual Items	1,934	1,748	1,460	1,591	1,418	1,080
Gain (Loss) on Sale of Investments	591.5	591.5	532.76	219.97	103.65	34.9
Gain (Loss) on Sale of Assets	0.25	0.25	5.87	0.77	-1.04	9.49
Asset Writedown	-	-	-	-	-	-4.36
Pretax Income	2,525	2,340	1,999	1,812	1,521	1,120
Income Tax Expense	635.56	627.66	476.18	444.92	385.54	293.22
Earnings From Continuing Operations	1,890	1,712	1,522	1,367	1,135	826.83
Net Income to Company	1,890	1,712	1,522	1,367	1,135	826.83
Minority Interest in Earnings	-9.72	-11.95	-11.47	-14.89	-12.42	-10.23
Net Income	1,880	1,700	1,511	1,352	1,123	816.6
Net Income to Common	1,880	1,700	1,511	1,352	1,123	816.6
Net Income Growth	24.31%	12.52%	11.73%	20.43%	37.51%	-15.09%
Shares Outstanding (Basic)	10	10	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10	10	10
Shares Change (YoY)	0.07%	0.08%	0.05%	-	-	-
EPS (Basic)	195.41	176.73	157.07	140.59	116.74	84.89
EPS (Diluted)	195.10	176.50	156.99	140.59	116.74	84.89
EPS Growth	24.22%	12.43%	11.67%	20.43%	37.51%	-15.09%
Free Cash Flow	1,337	1,325	1,001	901.7	914.4	728.71
Free Cash Flow Per Share	138.70	137.54	104.02	93.74	95.06	75.75
Dividend Per Share	-	60.000	40.000	40.000	28.000	27.000
Dividend Growth	-	50.00%	-	42.86%	3.70%	-
Gross Margin	47.28%	46.53%	44.66%	44.84%	44.03%	39.24%
Operating Margin	33.37%	32.45%	31.31%	33.11%	32.99%	24.06%
Profit Margin	36.29%	34.14%	33.87%	33.54%	32.76%	27.12%
Free Cash Flow Margin	25.80%	26.60%	22.44%	22.36%	26.67%	24.20%
EBITDA	1,802	1,684	1,463	1,386	1,167	767.56
EBITDA Margin	34.78%	33.80%	32.79%	34.36%	34.03%	25.50%
D&A For EBITDA	72.97	67.23	66.14	50.49	35.68	43.22
EBIT	1,729	1,616	1,397	1,335	1,131	724.34
EBIT Margin	33.37%	32.45%	31.31%	33.11%	32.99%	24.06%
Effective Tax Rate	25.17%	26.83%	23.83%	24.55%	25.35%	26.18%
Revenue as Reported	6,029	5,754	5,211	4,528	3,837	3,439
Advertising Expenses	-	1.8	2.63	2.96	2.28	1.85

Source: S&P Global Market Intelligence. Standard template. Financial Sources.