BackIcra’s net profit for June quarter rises 31%
The growth in operating revenue was mainly led by debt ratings and bank loan ratings, says the company
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Mumbai: Rating agency Icra Ltd on Monday said that net profit for the quarter ended 30 June rose 31% to Rs21.80 crore from a year earlier. Revenue for the quarter rose 16.7% to Rs68.20 crore from Rs58.43 crore. The growth in operating revenue was mainly led by debt ratings and bank loan ratings, the company said in a statement.
“Structured finance ratings, public finance ratings and small and medium enterprise business ratings also reported growth during Q1 of 2014-2015," Icra said.
Shares of Icra gained 5.34% to close at Rs3,070.15 on Monday on the BSE while the benchmark Sensex gained 0.53% to end at 26,100.08 points.
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