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CARE Ratings reported 22% rise in its net profit for Q1 FY23

CARE Ratings reported total income of INR 62.09 crores during the period ended June 30, 2022 as compared to INR 56.52 crores during the period ended June 30, 2021 which was up by 10%. The company has posted net profit of INR 13.66 crores for the period ended June 30, 2022 as against net profit of INR 11.04 crores for the period ended June 30, 2021 depicting a rise of 22%.

Further, the company reported EPS of INR 4.61 for the period ended June 30, 2022 as compared to INR 3.65 for the period ended June 30, 2021. Interestingly, EBITDA stood at INR 23.65 crore in June 2022 up 48.18% from INR 15.96 crore in June 2021.

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