ICRA Q1 Results Live : profit falls by 11.88% YOY

ICRA Q1 Results Live : ICRA, the renowned company, announced their Q1 results on 23 Jul, 2024. The revenue witnessed a growth of 11.78% year-on-year, but the profit saw a decline of 11.88% compared to the same quarter last year.

In comparison to the previous quarter, ICRA experienced a decrease of 7.38% in revenue and a significant drop of 24.21% in profit.

The Selling, general & administrative expenses showed an increase of 7.87% quarter-on-quarter and a rise of 17.64% year-on-year.

The operating income took a hit, declining by 30.66% sequentially and 2.59% year-on-year for ICRA.

The Earnings Per Share (EPS) for Q1 stood at ₹36.9, reflecting a decrease of 11.93% year-on-year.

ICRA's stock performance in the market showed a negative return of -3.3% in the last week, while it delivered a positive return of 4.36% in the last 6 months and 2.27% year-to-date.

Currently, ICRA holds a market capitalization of ₹5571.78 Cr with a 52-week high/low of ₹6386.56 and ₹4934.38 respectively.

Analysts covering ICRA as of 25 Jul, 2024, have a unanimous Sell rating, with 1 out of 1 analysts recommending to sell the stock.

The consensus recommendation for ICRA as of 25 Jul, 2024, also aligns with the analysts' sentiment to Sell the stock.