ICRA Limited Report: Robust Q2 FY2026 Performance Marks Strategic Growth

Image Source: KNN India

ICRA Limited delivered a robust Q2 FY2026 with a 29.4% jump in net profit to ₹478.1 million and revenue growth of 8.3% to ₹1.37 billion. Strategic acquisition of Fintellix and strong segment performance underline ICRA’s growth and market leadership.

ICRA Limited has posted a strong financial performance for Q2 FY2026, showcasing solid growth in revenue, profitability, and strategic expansion. The company registered consolidated revenue from operations of ₹1.37 billion (₹136.6 crore), reflecting an 8.3% increase year-over-year. Consolidated net profit surged by 29.4% to ₹478.1 million (₹48 crore), demonstrating operational efficiency and strong market positioning.

Key highlights include a 17.4% growth in EBITDA to ₹485 million and an improvement in EBITDA margin by 281 basis points to 35.53%. Revenue growth was driven primarily by the Ratings & Ancillary Services segment, which grew 13%, and continued momentum in Research & Analytics, which expanded by 2.1%. The half-year revenue also spiked 8.4% to ₹2.61 billion, with a 24.4% rise in profit after tax to ₹908 million.

ICRA’s strategic acquisition of Fintellix India Private Limited for ₹253.25 crore aims to deepen its presence in risk analytics and bolster international outreach. Market engagement initiatives included flagship events focusing on renewable energy, infrastructure, and NBFC sectors, alongside the publication of 145 research reports across 60 sectors.

Industry head Ramnath Krishnan affirmed that these results reflect consistent quality in ratings, expanded offerings in research, and ICRA’s forward-looking market strategies amid a challenging economic landscape.

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