ICRA Limited has officially released its financial results for the third quarter ending December 31, 2025. The company witnessed a strong surge in its consolidated revenue, which increased by 35.3% to reach ₹163.6 crore. This growth comes from good performance in credit ratings and the addition of new businesses. The company also announced key leadership changes in its subsidiary along with these financial updates.
How much revenue and profit did the company earn?
The consolidated revenue for the quarter stood at ₹163.6 crore, a significant jump from ₹120.9 crore recorded in the same period last year. For the nine months ending in December, the total revenue touched ₹424.7 crore. The acquisition of Fintellix India Private Limited played a major role, contributing ₹24.91 crore to the quarterly revenue. The adjusted profit before tax also saw a healthy rise of 10.9%, reaching ₹61.8 crore.
Why was there a one-time charge in the results?
Despite the high revenue, the net profit after tax was reported at ₹39.06 crore, which is lower than last year. This decrease is mainly due to a one-time exceptional charge of ₹6.92 crore. The company had to allocate this money to comply with the new Labour Codes that came into effect on November 21, 2025. This rule changed how gratuity and leave liabilities are calculated for employees, increasing the cost for the company this quarter.
What are the new management changes and market outlook?
Starting today, February 1, 2026, Mruthyunjayappa has formally taken charge as the CEO of ICRA Analytics Limited, succeeding Jayanta Chatterjee. On the market front, investors reacted positively to the news, with ICRA shares closing at ₹6,306.50 after a weekly gain of 5.6%. Looking ahead, ICRA projects India’s GDP growth to remain strong at 7.4% for the next fiscal year, supported by domestic consumption and government policies.
