ICRA Q4 net profit rises 22 percent

Kolkata, May 24 (IANS) Rating agency ICRA Ltd Friday announced a 21.64 percent rise in its net profit to Rs.27.49 crore for the quarter ended March 31, 2013 from Rs.22.60 crore for the same period a year ago.

The firm’s total income for the fourth quarter last fiscal stood at Rs.56.41 crore compared to Rs.52.96 crore for the same period previous fiscal, reflecting growth of seven percent, it said in a release here.

“The growth in operating revenue was mainly led by debt ratings, besides NSIC (National Small Industries Corporation)/SME (Small and Medium Enterprise) business ratings, even as bank loan ratings remained subdued during the period under consideration,” the company said.

For the full year, ICRA’s total income stood at Rs.164.84 crore in 2012-13 against Rs.159.10 crore in 2011-12.

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.