ICRA Ltd (NSE:ICRA)
₹ 4,804 +29.5 (+0.62%) Market Cap: 46.26 Bil Enterprise Value: 38.42 Bil PE Ratio: 25.54 PB Ratio: 3.91 GF Score: 86/100

Q4 2025 ICRA Ltd Earnings Call Transcript

Jun 2, 2025 / 11:00 AM GMT

Key Points

Positve
  • ICRA Ltd (BOM:532835) reported a top-line increase of 9.8% in Q4, with the ratings division showing a year-on-year growth of 15.1%.
  • The company achieved an EBITDA growth of 19.1% in the last quarter, despite substantial investments in technology, people, and infrastructure.
  • ICRA Ltd (BOM:532835) announced a dividend of ₹60 per share, subject to shareholders' approval.
  • The company has strengthened its strategic positioning through key partnerships, including an alliance with BitSight for cybersecurity solutions and a partnership with FTSE Russell for domestic fixed income indices.
  • ICRA Ltd (BOM:532835) is actively adapting to shifts towards AI and automation, supporting clients in business transformation initiatives and modernizing legacy systems.
Negative
  • The planned conclusion of ESG services tempered overall momentum in the research and analytics segment.
  • The non-global businesses' increased contribution resulted in some change in the margin profile in the risk and analytics vertical.
  • The outlook for merchandise and IT exports and private capital expenditure appears muted due to global trade policy uncertainties.
  • The credit environment saw a moderation in economic activity due to election-related uncertainty, softer consumption, and global geopolitical headwinds.
  • The knowledge services business experienced a plateau in growth, partly due to the discontinuation of some ESG-related offerings.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ICRA.NS - ICRA Ltd
Q4 2025 ICRA Ltd Earnings Call
Jun 02, 2025 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the IRA Limited yearly F 5 2025 investors and analyst conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchtone phone.

Please note that this conference call is being recorded.

Joining us today from the management side we have Mr. Ramnath Krishnan, managing director and group CEO IRA Limited, Mr. Venkatesh Vishwanathan, Group Chief Financial Officer, Mr. L. Shiva Kumar, EVP, Business Development and Chief Business Officer IRA Limited, and
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