{"id":136936,"date":"2022-05-28T04:03:00","date_gmt":"2022-05-28T08:03:00","guid":{"rendered":"https:\/\/44.250.171.167\/?p=136936"},"modified":"2022-11-17T04:08:12","modified_gmt":"2022-11-17T09:08:12","slug":"care-ratings-q4fy22-results-out-net-profit-falls-by-12","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/care-ratings-q4fy22-results-out-net-profit-falls-by-12\/","title":{"rendered":"CARE Ratings Q4FY22 results out: Net profit falls by 12%"},"content":{"rendered":"\n<p>CARE Ratings consolidated total income decreased by 1.8% percent from INR 279.74 Crore in FY21 to INR 274.82 crore in FY22. However, total income has increased by 1.5% from last year excluding the provision reversal last year. Total expenses have increased by 9.4% during this period. Net profit decreased from INR 90.97 crore to INR 76.83 crore mainly due to provisions made on conservative basis in one of our subsidiaries for the exposure to Sri Lanka business. <\/p>\n\n\n\n<p>Hence, net of provisions, residual exposure to Sri Lanka stands at INR 2.36 Crore, the company is hopeful of recovery once the situation in Sri Lanka improves. For the fourth quarter total income decreased by 14.3% from INR 85.25 crore to INR 73.06 crore which is largely impacted by reversal of provision last year, which was not there in current year, while net profit decreased from INR 26.49 crore to INR 23.31 crore as majority of provisions have been taken in this quarter.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"918\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/163caf33-6847-4496-81f0-fe97a4539b25-2-918x1024.png\" alt=\"\" class=\"wp-image-136937\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/163caf33-6847-4496-81f0-fe97a4539b25-2-918x1024.png 918w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/163caf33-6847-4496-81f0-fe97a4539b25-2-269x300.png 269w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/163caf33-6847-4496-81f0-fe97a4539b25-2-768x857.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/163caf33-6847-4496-81f0-fe97a4539b25-2-1376x1536.png 1376w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/163caf33-6847-4496-81f0-fe97a4539b25-2-1835x2048.png 1835w\" sizes=\"auto, (max-width: 918px) 100vw, 918px\" \/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CARE Ratings consolidated total income decreased by 1.8% percent from INR 279.74 Crore in FY21 to INR 274.82 crore in FY22. However, total income has increased by 1.5% from last year excluding the provision reversal last year. Total expenses have increased by 9.4% during this period. Net profit decreased from INR 90.97 crore to INR [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1],"tags":[11182,10457,10383],"class_list":["post-136936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","tag-bond-ratings","tag-credit-rating","tag-industry-research"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136925,"url":"https:\/\/alphastreet.com\/india\/care-ratings-q2fy23-results-out-net-profit-up-by-30\/","url_meta":{"origin":136936,"position":0},"title":"CARE Ratings Q2FY23 results out: Net profit up by 30%","author":"Chirag Gupta","date":"November 8, 2022","format":false,"excerpt":"CARE Ratings reported an increased standalone net profit by 29% to INR 38.47 crore in Q2FY23 from INR 29.76 crore in Q2FY22. The ratings agency's standalone income from operations was up by 12% to INR 77.49 crore in Q2FY23, compared with INR 69.30 crore in the corresponding quarter of the\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140562,"url":"https:\/\/alphastreet.com\/india\/trents-q3-net-profit-rises-by-54\/","url_meta":{"origin":136936,"position":1},"title":"Trent&#8217;s Q3 net profit rises by 54%","author":"Chirag Gupta","date":"February 8, 2023","format":false,"excerpt":"Tata group retail firm Trent Ltd on Wednesday reported a consolidated net profit of INR 154.81 crore in the third quarter ended on December 31, 2022. The company had posted a net profit of INR 113.78 crore in the October-December quarter a year ago, Trent said in a regulatory filing.\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/e3b41f2e-c130-45c0-8677-6b884f8edcee.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/e3b41f2e-c130-45c0-8677-6b884f8edcee.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/e3b41f2e-c130-45c0-8677-6b884f8edcee.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/e3b41f2e-c130-45c0-8677-6b884f8edcee.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/e3b41f2e-c130-45c0-8677-6b884f8edcee.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/e3b41f2e-c130-45c0-8677-6b884f8edcee.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142713,"url":"https:\/\/alphastreet.com\/india\/trent-reported-a-36-percent-rise-in-its-q3fy23-net-profit\/","url_meta":{"origin":136936,"position":2},"title":"Trent reported a 36 percent rise in its Q3FY23 net profit","author":"Chirag Gupta","date":"February 24, 2023","format":false,"excerpt":"Tata group retail firm Trent Ltd on Wednesday reported a consolidated net profit of INR 154.81 crore in the third quarter ended on December 31, 2022. The company had posted a net profit of INR 113.78 crore in the October-December quarter a year ago, Trent said in a regulatory filing.\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":140777,"url":"https:\/\/alphastreet.com\/india\/manappuram-finance-limited-q3fy23-earnings-summary\/","url_meta":{"origin":136936,"position":3},"title":"Manappuram Finance Limited Q3FY23 Earnings Summary","author":"Karan_Singh","date":"February 9, 2023","format":false,"excerpt":"Manappuram Finance is a Non-Banking Finance Company (NBFC), offers a variety of fund-based and fee-based services, such as gold loans, money exchange services, etc. Financial Results: For the quarter ending on December 31st, Manappuram Finance Ltd reported a consolidated net profit of INR 393.49 crore. Compared to the quarter a\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-104709122.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-104709122.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-104709122.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-104709122.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":141344,"url":"https:\/\/alphastreet.com\/india\/yes-banks-profit-drops-in-third-quarter-to-inr-52-crores\/","url_meta":{"origin":136936,"position":4},"title":"Yes bank&#8217;s profit drops in third quarter to INR 52 crores","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Private sector lender YES Bank today reported 80.66% on-year drop in its standalone December quarter net profit at INR 51.52 crore due to ageing related provisions. Its net interest income improved 11.7% YoY at INR 1,971 crore in Q3. Its net interest margin (NIM) in Q3 stood at 2.5% up\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":136932,"url":"https:\/\/alphastreet.com\/india\/care-ratings-reported-22-rise-in-its-net-profit-for-q1fy23\/","url_meta":{"origin":136936,"position":5},"title":"CARE Ratings reported 22% rise in its net profit for Q1 FY23","author":"Chirag Gupta","date":"July 17, 2022","format":false,"excerpt":"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,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=136936"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=136936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=136936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=136936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}