{"id":142732,"date":"2023-02-24T07:32:23","date_gmt":"2023-02-24T12:32:23","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142732"},"modified":"2023-02-24T07:35:50","modified_gmt":"2023-02-24T12:35:50","slug":"earnings-care-ratings-ltd-nsecarerating-q3fy23-results-out-total-income-rise-17-yoy","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/earnings-care-ratings-ltd-nsecarerating-q3fy23-results-out-total-income-rise-17-yoy\/","title":{"rendered":"Earnings |Care Ratings Ltd (NSE:CARERATING): Q3FY23 Results Out; Total Income rise 17% YoY"},"content":{"rendered":"\n

Care Ratings Ltd (NSE:CARERATING)<\/a> is a credit rating agency based in Mumbai, India. It provides credit ratings and research services across a wide range of financial instruments and sectors, including corporate debt, banks, NBFCs, infrastructure projects, and microfinance institutions. The company was established in 1993 and is one of the leading credit rating agencies in India.<\/p>\n\n\n\n

Care Rating Ltd. has reported financial performance for the quarter ended December 31, 2022, In the standalone Q3FY23, the company’s income from operations increased by 12% to Rs 54.55 crore compared to the same quarter last year, while total income increased by 18% to Rs 65.58 crore. The company’s operating profit margin and net profit margin were 41% and 33%, respectively. The bank loan ratings segment led this growth, with sustained momentum in the initial ratings business. The total expenses increased by 8% to Rs 38.30 crore, resulting in an increase in the operating profit by 49% to Rs 22.25 crore, and an increase in net profit by 44% to Rs 21.40 crore compared to the corresponding quarter of the previous year.<\/p>\n\n\n\n

In the 9MFY23, the company’s income from operations increased by 13% to Rs 180.79 crore compared to the same period last year, and the total income increased by 15% to Rs 207.77 crore. The company’s operating profit margin and net profit margin were 48% and 38%, respectively. The total expenses decreased by 3% to Rs 104.78 crore, resulting in an increase in the operating profit by 50% to Rs 85.96 crore, and an increase in net profit by 40% to Rs 77.95 crore compared to the corresponding 9 months of the previous year.<\/p>\n\n\n\n

In the consolidated Q3FY23, the company’s total income increased by 17% to Rs 73.73 crore, and the operating profit increased by 19% to Rs 17.87 crore compared to the same quarter last year. The net profit increased by 9% to Rs 16.31 crore compared to the corresponding quarter of the previous year. In the consolidated 9MFY23, the company’s total income increased by 14% to Rs 229.05 crore, and the operating profit increased by 33% to Rs 76.00 crore compared to the same period last year. The net profit increased by 22% to Rs 65.31 crore compared to the corresponding 9 months of the previous year.<\/p>\n\n\n\n

Mehul Pandya, MD & CEO, CARE Ratings Ltd. said \u201cWhile the Indian economy has been recording healthy growth, there are concerns for the external sector. With the global economy slowing down, India\u2019s economy will definitely feel the pain. At this crucial juncture, the critical aspect would be for the domestic demand revival to be sustained. With capacity utilisation levels improving, the private sector\u2019s intent to invest has improved. Hence, our initial ratings business continued to witness good growth from the bank loan rating as well as the capital market segments. We could expect a gradual rise in private investment in the coming quarters, even while the global and domestic economic uncertainties will prevent a dramatic turnaround.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Care Ratings Ltd (NSE:CARERATING) is a credit rating agency based in Mumbai, India. It provides credit ratings and research services across a wide range of financial instruments and sectors, including corporate debt, banks, NBFCs, infrastructure projects, and microfinance institutions. The company was established in 1993 and is one of the leading credit rating agencies in […]<\/p>\n","protected":false},"author":1932,"featured_media":0,"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":[392,1],"tags":[10457],"class_list":["post-142732","post","type-post","status-publish","format-standard","hentry","category-earnings","category-finance-stocks","tag-credit-rating"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":139476,"url":"https:\/\/alphastreet.com\/india\/care-ratings-ltd-nse-carerating-releases-q3-fy23-results\/","url_meta":{"origin":142732,"position":0},"title":"CARE Ratings Ltd. (NSE: CARERATING) Releases Q3 FY23 Results","author":"Divyansh_Kasana","date":"January 30, 2023","format":false,"excerpt":"Care Ratings is an Indian credit rating agency founded in 1993. It provides credit ratings and research services to various stakeholders including banks, financial institutions, corporate clients, and the government. The company's services include rating of debt instruments such as bonds, commercial papers, bank loans, and insurance products, as well\u2026","rel":"","context":"In "AlphaGraphs"","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\/1f1ea253-272c-41c0-9364-978babead457.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":145998,"url":"https:\/\/alphastreet.com\/india\/earnings-care-ratings-limited-nse-aplapollo-q4fy23-results-out-total-income-rises-20-yoy\/","url_meta":{"origin":142732,"position":1},"title":"Earnings | CARE Ratings Limited (NSE: CARERATING): Q4FY23 Results Out; Total Income rises 20% YoY.","author":"Divyansh_Kasana","date":"May 12, 2023","format":false,"excerpt":"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\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142871,"url":"https:\/\/alphastreet.com\/india\/earnings-crisil-ltd-nsecrisil-q3fy23-results-out-total-income-rise-17-yoy\/","url_meta":{"origin":142732,"position":2},"title":"Earnings |CRISIL Ltd (NSE:CRISIL): Q3FY23 Results Out; Total Income rise 17% YoY","author":"Divyansh_Kasana","date":"February 27, 2023","format":false,"excerpt":"CRISIL Ltd (NSE:CRISIL) is a leading credit rating agency in India. The company provides ratings, research, and risk and policy advisory services to various organizations. CRISIL is a subsidiary of S&P Global Inc, a global leader in providing credit ratings, benchmarks and analytics in the financial markets. CRISIL Ltd. announced\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169985,"url":"https:\/\/alphastreet.com\/india\/care-ratings-q1-fy26-earnings-results\/","url_meta":{"origin":142732,"position":3},"title":"CARE Ratings Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"August 11, 2025","format":false,"excerpt":"CARE Ratings Limited is one of India\u2019s leading credit rating agencies, offering a range of credit rating services that help corporates raise capital and enable investors to make informed decisions based on credit risk and risk\u2013return expectations. Presenting below are its Q1 FY26 Earnings Results. Q1 FY26 Earnings Results Revenue:\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"CARERATING Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142836,"url":"https:\/\/alphastreet.com\/india\/earnings-creditaccess-grameen-ltd-nse-creditacc-q3fy23-results-out-total-income-rise-32-yoy\/","url_meta":{"origin":142732,"position":4},"title":"Earnings |CreditAccess Grameen Ltd. (NSE: CREDITACC): Q3FY23 Results Out; Total Income rise 32% YoY","author":"Divyansh_Kasana","date":"February 27, 2023","format":false,"excerpt":"CreditAccess Grameen Ltd. (NSE: CREDITACC) is a leading Indian microfinance company that provides financial services to rural households and women in India. It was founded in 1999 and became a public limited company in 2018. The company operates in 228 districts across 14 states in India and serves over 14\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142391,"url":"https:\/\/alphastreet.com\/india\/earnings3m-india-ltd-nse3mindia-q3fy23-results-out-total-income-rise-20-yoy\/","url_meta":{"origin":142732,"position":5},"title":"Earnings|3M India Ltd. (NSE:3MINDIA): Q3FY23 Results Out; Total Income rise 20% YoY","author":"Divyansh_Kasana","date":"February 21, 2023","format":false,"excerpt":"3M India Ltd. (NSE:3MINDIA) is a technology-driven diversified company that operates in various sectors, including industrial, safety and graphics, healthcare, and consumer goods. It provides a wide range of products and solutions to its customers, such as adhesives, abrasives, car-care products, respiratory protection equipment, medical tapes, and more. The company\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142732","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\/1932"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=142732"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142732\/revisions"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=142732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=142732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=142732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}