CARERATING2024-01-012024-03-31 CARERATING2024-01-012024-03-31 CARERATING2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member CARERATING2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member CARERATING2024-03-31 CARERATING2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member CARERATING2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member CARERATING2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member CARERATING2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member CARERATING2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member CARERATING2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member CARERATING2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member CARERATING2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member CARERATING2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member CARERATING2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member CARERATING2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member CARERATING2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member CARERATING2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member CARERATING2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member CARERATING2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CARERATING2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CARERATING2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member CARERATING2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 534804 CARERATING NA CARE Ratings Limited Equity 2023-04-01 2024-03-31 2024-05-09 2024-04-23 INR Lakhs Yearly 14:30:00 23:20:00 2024-05-09 2024-05-09 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Unaudited Consolidated 901480000.00 102877000.00 1004357000.00 0.00 0.00 0.00 432399000.00 4565000.00 26731000.00 178746000.00 642441000.00 361916000.00 0.00 361916000.00 112766000.00 3647000.00 116413000.00 0.00 245503000.00 0.00 0.00 0.00 0.00 245503000.00 -583000.00 244920000.00 240847000.00 4656000.00 240533000.00 4387000.00 298521000.00 10 8.07 8.03 0.00 0.00 8.07 8.03 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on May 09, 2024 and have been subjected to audit by the statutory auditors of the Company. 2. The Board of Directors of the Company have recommended final dividend of Rs. 11 per share. The company had earlier paid Rs. 7 per share as interim dividend in Q2 FY24. Accordingly, the total dividend for FY24 shall be Rs. 18 per share. 3. The consolidated financial results include results of CARE Ratings Limited and its subsidiaries namely CARE Analytics and Advisory Private Limited, CARE ESG Ratings Limited, CARE Ratings (Africa) Private Limited, CARE Ratings South Africa (Pty) Limited (w.e.f 25th October, 2023) and CARE Ratings Nepal Limited. 4. The accompanying financial results have been prepared as per the format prescribed under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016. 5. The financial results have been prepared in accordance with the applicable accounting standards, as modified under the Companies (Indian Accounting Standards) Rules, 2015 and as specified in section 133 of the Companies Act. 7. During the year ended March 31, 2023, the Company has recognized an impairment loss for intangible assets under development in the consolidated statement of profit and loss amounting Rs. 570.62 lakhs. 8. The Company has granted a) 3,22,000 options on December 01, 2020, b) 1,23,500 options on October 29, 2021, c) 25,000 options on May 28, 2022, d) 1,00,000 options on July 29, 2022 e) 72,000 options on November 8, 2022 f) 10,000 options on January 04, 2023 g) 1,05,000 option on September 27, 2023 and h) 6,000 option on september 30, 2023 to the eligible employees as the Company's Employees Stock Option Scheme (ESOS) 2020 duly approved by shareholders in AGM and Nomination and Remuneration Committee. As per Ind AS 102 - Share Based Payment, total cost of ESOS 2020 will be charged over vesting period, accordingly the Employee Benefit Expenses in standalone results includes ESOP charge under respective periods as under: (Rs in Lakhs) Particulars Quarter Ended Year ended March 31, 2024 December 31, 2023 March 31, 2023 March 31, 2024 March 31, 2023 'Unaudited (Refer note 11) Unaudited 'Unaudited (Refer note 10) Audited Audited Share based payment expenses 43.250 69.870 66.070 234.490 14.730 9. The figures for the quarter ended March 31, 2023 in the above financial results are the balancing figures between the audited figures for the full financial year ended March 31, 2023 and the year to date unaudited limited reviewed figures published up to the nine months ended December 31, 2022. 10. The figures for the quarter ended March 31, 2024 in the above financial results are the balancing figures between the audited figures for the full financial year ended March 31, 2024 and the year to date unaudited limited reviewed figures published up to the nine months ended December 31, 2023. Multi segment 2023-04-01 2024-03-31 Audited Consolidated 3316848000.00 466902000.00 3783750000.00 0.00 0.00 0.00 1645831000.00 17121000.00 104829000.00 549673000.00 2317455000.00 1466295000.00 0.00 1466295000.00 431256000.00 9401000.00 440657000.00 0.00 1025638000.00 0.00 0.00 0.00 0.00 1025638000.00 -2430000.00 1023208000.00 1005249000.00 20389000.00 1002734000.00 20474000.00 298521000.00 10 6872759000.00 33.77 33.67 0.00 0.00 33.77 33.67 Other Expenses 178746000.00 Other Expenses 549673000.00 74564000.00 978483000.00 0.00 0.00 79503000.00 30210000.00 59862000.00 0.00 0.00 438211000.00 0.00 3385000.00 76052000.00 517648000.00 0.00 6419000.00 1672126000.00 0.00 0.00 224851000.00 382856000.00 200915000.00 9527000.00 5743211000.00 6561360000.00 45666000.00 138424000.00 6745450000.00 0.00 0.00 8417576000.00 298521000.00 6872759000.00 7171280000.00 7245844000.00 171465000.00 0.00 0.00 171465000.00 158678000.00 54819000.00 0.00 0.00 384962000.00 24075000.00 133229000.00 202540000.00 359844000.00 351683000.00 60844000.00 14400000.00 0.00 786771000.00 0.00 0.00 1171732000.00 8417576000.00 6. The company has provided for following during the period: Particulars Standalone Quarter ended Year ended March 31, 2024 December 31, 2023 March 31, 2023 March 31, 2024 March 31, 2023 Unaudited Unaudited Unaudited Audited Audited Carrying value of intangible assets under development 570.620 Less : Adjustment for payable to vendor (subsidiary) no longer payable (172.330) Impairment of intangible assets under development recognised in statement of profit and loss - (A) 398.290 Impairment of investment in subsidiary - (B) 350.000 173.260 350.000 173.260 Impairment loss of non current assets - (A) + (B) 350.000 173.260 350.000 571.550 As required by Ind AS 36 Impairment of Assets , based on the assessment of impairment of investment in a subsidiary, the Company has recognised impairment loss of Rs. 350 lakhs in the standalone financial results for the quarter ended 31 December 2023. Such impairment loss does not impact consolidated financial results. Others 118520000.00 Rating and related services 786910000.00 Others 339014000.00 Rating and related services 2983770000.00 905430000.00 3322784000.00 3950000.00 5936000.00 901480000.00 3316848000.00 Others -73838000.00 Rating and related services 337445000.00 Others -243003000.00 Rating and related services 1259518000.00 263607000.00 1016516000.00 4565000.00 17121000.00 -102876000.00 capital employed as on 31st March 2024 - figures in lakhs Rating and related services - 67320.264 others - (38.967) Unallocted - 5177.150 Total - 72458.437 -466901000.00 361918000.00 1466295000.00 Others 484480000.00 Rating and related services 7415381000.00 7899861000.00 517715000.00 8417576000.00 Others 488378000.00 Rating and related services 683354000.00 1171732000.00 17121000.00 0.00 -44893000.00 0.00 -17832000.00 0.00 856000.00 -23515000.00 0.00 0.00 0.00 179154000.00 0.00 104829000.00 0.00 0.00 0.00 39862000.00 0.00 -1575000.00 412403000.00 3474000.00 27149000.00 0.00 0.00 -24685000.00 0.00 25425000.00 0.00 -133982000.00 1332313000.00 0.00 0.00 0.00 423496000.00 0.00 908817000.00 0.00 0.00 3237819000.00 3212245000.00 0.00 0.00 0.00 0.00 0.00 91712000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3474000.00 396327000.00 0.00 -724319000.00 0.00 -390656000.00 0.00 0.00 0.00 0.00 0.00 0.00 78401000.00 0.00 0.00 0.00 17121000.00 22597000.00 668851000.00 0.00 0.00 614000.00 -629552000.00 -111392000.00 0.00 -111392000.00 494248000.00 382856000.00 Items that will not be reclassified to profit or Loss -2322000.00 Items that will not be reclassified to profit or Loss -6730000.00 -2322000.00 -6730000.00 -2964000.00 -3915000.00 Items that will be reclassified to profit or Loss -1226000.00 Items that will be reclassified to profit or Loss 385000.00 -1226000.00 385000.00 0.00 0.00