Earnings | CARE Ratings Limited (NSE: CARERATING): Q4FY23 Results Out; Total Income rises 20% YoY.

CARE Ratings is a prominent credit rating agency in India that provides various credit ratings to help corporates raise capital for their different requirements. The company assists investors in making informed investment decisions based on the credit risk and their own risk-return expectations. CARE Ratings offers a wide range of services, including credit rating of debt instruments, bank loans, credit analysis of SMEs, and grading of IPOs. With a focus on quality and transparency, the company has established a reputation for providing accurate and reliable credit ratings, helping to foster a healthy investment environment in India.

• CARE Ratings Limited reported Total Income for Q4 FY23 of ₹88 Crore up from ₹73 Crore year on year, a growth of 20%.
• Total Expenses for Q4 FY23 of ₹54 Crore up from ₹45 Crore year on year, a growth of 20%.
• Consolidated Net Profit of ₹20 Crore, down 13% from ₹23 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹6.60, down 15% from ₹7.72 in the same quarter of the previous year.