ICRA Limited Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	5,609	4,980	4,461	4,032	3,428	3,011
Revenue Growth (YoY)	15.46%	11.63%	10.63%	17.63%	13.87%	-6.24%
Cost of Revenue	2,922	2,663	2,469	2,224	1,919	1,829
Gross Profit	2,687	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	626.29	525.05	447.24	361.48	287.05	354.65
Operating Expenses	865.54	700.85	595.73	473.15	378.31	457.1
Operating Income	1,822	1,616	1,397	1,335	1,131	724.34
Interest Expense	-47.32	-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)	40.94	0.42	5.01	3.32	1.15	2.22
EBT Excluding Unusual Items	1,994	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
Other Unusual Items	-69.18	-	-	-	-	-
Pretax Income	2,517	2,340	1,999	1,812	1,521	1,120
Income Tax Expense	658.74	627.66	476.18	444.92	385.54	293.22
Earnings From Continuing Operations	1,858	1,712	1,522	1,367	1,135	826.83
Net Income to Company	1,858	1,712	1,522	1,367	1,135	826.83
Minority Interest in Earnings	-10.28	-11.95	-11.47	-14.89	-12.42	-10.23
Net Income	1,848	1,700	1,511	1,352	1,123	816.6
Net Income to Common	1,848	1,700	1,511	1,352	1,123	816.6
Net Income Growth	14.69%	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)	0.05%	0.08%	0.05%	-	-	-
EPS (Basic)	192.06	176.73	157.07	140.59	116.74	84.89
EPS (Diluted)	191.74	176.50	156.99	140.59	116.74	84.89
EPS Growth	14.63%	12.43%	11.67%	20.43%	37.51%	-15.09%
Free Cash Flow	-	1,325	1,001	901.7	914.4	728.71
Free Cash Flow Per Share	-	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	47.91%	46.53%	44.66%	44.84%	44.03%	39.24%
Operating Margin	32.48%	32.45%	31.31%	33.11%	32.99%	24.06%
Profit Margin	32.95%	34.14%	33.87%	33.54%	32.76%	27.12%
Free Cash Flow Margin	-	26.60%	22.44%	22.36%	26.67%	24.20%
EBITDA	1,890	1,684	1,463	1,386	1,167	767.56
EBITDA Margin	33.69%	33.80%	32.79%	34.36%	34.03%	25.50%
D&A For EBITDA	68.04	67.23	66.14	50.49	35.68	43.22
EBIT	1,822	1,616	1,397	1,335	1,131	724.34
EBIT Margin	32.48%	32.45%	31.31%	33.11%	32.99%	24.06%
Effective Tax Rate	26.17%	26.83%	23.83%	24.55%	25.35%	26.18%
Revenue as Reported	6,423	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.