Icra’s net profit for June quarter rises 31% | Mint
Active Stocks
Thu Feb 29 2024 13:49:20
  1. Kotak Mahindra Bank share price
  2. 1,689.05 0.33%
  1. Tata Steel share price
  2. 140.80 0.04%
  1. Power Grid Corporation Of India share price
  2. 279.25 -0.11%
  1. ITC share price
  2. 408.70 0.02%
  1. Titan Company share price
  2. 3,618.55 0.72%
Business News/ Companies / Icra’s net profit for June quarter rises 31%
BackBack

Icra’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

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.Premium
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.

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.​

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 08 Jul 2014, 12:59 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App