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Icra Q3 net profit rises 8.6% to Rs 24.45 crore It had posted a net profit of Rs 22.52 crore during the same quarter a year ago. PTI
ICRA | (Image: Wikipedia)
Ratings firm Icra on Thursday reported an 8.6 per cent rise in its consolidated net profit to Rs 24.45 crore in the third quarter ended December 2020. It had posted a net profit of Rs 22.52 crore during the same quarter a year ago.
The consolidated total income in the quarter fell to Rs 88.74 crore as against Rs 91.03 crore in the same period previous fiscal, Icra said in a regulatory filing. The de-growth in consolidated revenue in Q3 FY21 has been mainly due to a decline in revenue from the rating segment. The outsourcing, information services and consulting segments have shown good traction, driven by growth in global and domestic businesses, it said in a release.
It had posted a net profit of Rs 22.52 crore during the same quarter a year ago. The consolidated total income in the quarter fell to Rs 88.74 crore as against Rs 91.03 crore in the same period previous fiscal, Icra said in a regulatory filing. The de-growth in consolidated revenue in Q3 FY21 has been mainly due to a decline in revenue from the rating segment. The outsourcing, information services and consulting segments have shown good traction, driven by growth in global and domestic businesses, it said in a release. With regard to addressing certain ongoing matters, Icra said market regulator Sebi in the second quarter ended September 2020 had enhanced penalty from Rs 25 lakh to Rs 1 crore in respect of an adjudication proceeding initiated by it in relation to credit ratings assigned to one of the company s customers and customer s subsidiaries.