Re: {LONGTERMINVESTORS} ICRA......Thread

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RAJESH DESAI

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Nov 12, 2012, 2:27:37 AM11/12/12

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CA. Rajesh Desai

ICRA EMKAY NOV 12.pdf

Rajesh Desai

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Jan 28, 2013, 3:07:13 AM1/28/13

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MUMBAI: Ratings firm Icra Ltd BSE -4.51 % today said its net profit declined 32 per cent to Rs 10.52 crore for the quarter ended December 2012.

The profit in the year-ago period was at Rs 15.51 crore. The operating income of the firm during the October- December quarter of 2012-13 grew by 4 per cent to Rs 38.45 crore, from Rs 36.96 crore a year earlier, Icra said in a filing to the BSE.

"The growth in operating revenue was mainly led by debt ratings besides NSIC/SME business ratings, whereas bank loan ratings remained subdued during the period," it said.

However, its total income declined by 6 per cent to Rs 39.20 crore, from Rs 41.52 crore because of lower other income during the period, it added.

Profit during April-December stood at Rs 32.89 crore, up 16 per cent from Rs 28.30 crore in the year-ago period.

For nine months ended December 31, its operating income stood at Rs 102.30 crore, as against Rs 96.05 crore in the nine months of 2011-12, a rise of 7 per cent.