Integrated Filing — IndAS



General information about company
Scrip Code 532835
NSE Symbol ICRA
MSEI Symbol NOTLISTED
ISIN INE725G01011
Name of company ICRA LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-May-2025   13:00:00
End date and time of board meeting 29-May-2025   15:46:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1362129000 4980212000
Other income 206236000 774114000
Total income 1568365000 5754326000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 611367000 2611282000
(e) Finance costs 12435000 48033000
(f) Depreciation, depletion and amortisation expense 44824000 163947000
(f) Other Expenses
1 Other Expenses 159162000 591360000
Total other expenses 159162000 591360000
Total expenses 827788000 3414622000
3 Total profit before exceptional items and tax 740577000 2339704000
4 Exceptional items 0 0
5 Total profit before tax 740577000 2339704000
6 Tax expense
7 Current tax 146487000 540936000
8 Deferred tax 34193000 86726000
9 Total tax expenses 180680000 627662000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 559897000 1712042000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 559897000 1712042000
17 Other comprehensive income net of taxes -2659000 -6387000
18 Total Comprehensive Income for the period 557238000 1705655000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 557389000 1700093000
Total profit or loss, attributable to non-controlling interests 2508000 11949000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -2659000 -6387000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 96512000 96512000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 10435780000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 57.94 176.73
Diluted earnings (loss) per share from continuing operations 57.86 176.5
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 57.94 176.73
Diluted earnings (loss) per share from continuing and discontinued operations 57.86 176.5
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 404370000
Capital work-in-progress 0
Investment property 0
Goodwill 301885000
Other intangible assets 190042000
Intangible assets under development 35141000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 12537000
Trade receivables, non-current 0
Loans, non-current 114000
Other non-current financial assets 382755000
Total non-current financial assets 395406000
Deferred tax assets (net) 23677000
Other non-current assets 310043000
Total non-current assets 1660564000
2 Current assets
Inventories 0
Current financial asset
Current investments 7715002000
Trade receivables, current 475947000
Cash and cash equivalents 351209000
Bank balance other than cash and cash equivalents 2464048000
Loans, current 50000
Other current financial assets 58310000
Total current financial assets 11064566000
Current tax assets (net) 0
Other current assets 216591000
Total current assets 11281157000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 12941721000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 96512000
Other equity 10435780000
Total equity attributable to owners of parent 10532292000
Non controlling interest 44211000
Total equity 10576503000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 6258000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 424926000
Total non-current financial liabilities 431184000
Provisions, non-current 34414000
Deferred tax liabilities (net) 128592000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 594190000
Current liabilities
Current financial liabilities
Borrowings, current 5317000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 5392000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 85733000
Total Trade payable 91125000
Other current financial liabilities 690256000
Total current financial liabilities 786698000
Other current liabilities 941487000
Provisions, current 26445000
Current tax liabilities (Net) 16398000
Deferred government grants, Current 0
Total current liabilities 1771028000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 2365218000
Total equity and liabilites 12941721000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Ratings & ancillary services 828381000 2945910000
2 Research & Analytics 537767000 2047920000
Total Segment Revenue 1366148000 4993830000
Less: Inter segment revenue 4019000 4019000
Revenue from operations 1362129000 4980212000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Ratings & ancillary services 373468000 1003867000
2 Research & Analytics 173425000 609974000
Total Profit before tax 546893000 1613841000
i. Finance cost 12435000 12435000
ii. Other Unallocable Expenditure net off Unallocable income -206119000 -206119000
Profit before tax 740577000 2339704000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Ratings & ancillary services 747121000 747121000
2 Research & Analytics 1018638000 1018638000
Total Segment Asset 1765759000 1765759000
Un-allocable Assets 11175962000 11175962000
Net Segment Asset 12941721000 12941721000
4 Segment Liabilities
Segment Liabilities
1 Ratings & ancillary services 1555037000 1555037000
2 Research & Analytics 286911000 286911000
Total Segment Liabilities 1841948000 1841948000
Un-allocable Liabilities 523270000 523270000
Net Segment Liabilities 2365218000 2365218000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit and loss -3411000 -8900000
Total Amount of items that will not be reclassified to profit and loss -3411000 -8900000
2 Income tax relating to items that will not be reclassified to profit or loss -866000 -2262000
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit and loss -114000 251000
Total Amount of items that will be reclassified to profit and loss -114000 251000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -2659000 -6387000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2339704000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 42033000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 19402000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 5292000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -29813000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 17034000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 136749000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 163947000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 16592000
Adjustments for provisions, current -85159000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 112902000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 662000
Adjustments for dividend income 0
Adjustments for interest income 175095000
Adjustments for share-based payments 35617000
Adjustments for fair value losses (gains) -527568000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -64184000
Other adjustments to reconcile profit (loss) -7379000
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -338968000
Net cash flows from (used in) operations 2000736000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 551789000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1448947000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 1832000
Purchase of property, plant and equipment 124124000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 3896410000
Purchase of other long-term assets 4085078000
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 142058000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -168902000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 4127000
Payments of lease liabilities 50001000
Dividends paid 974588000
Interest paid 2555000
Income taxes paid (refund) 24000
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -1031295000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 248750000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 5000
Net increase (decrease) in cash and cash equivalents 248755000
Cash and cash equivalents cash flow statement at beginning of period 99838000
Cash and cash equivalents cash flow statement at end of period 348593000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Deloitte Haskins & Sells Yes 31-Mar-2027