CARE Ratings Limited — Quarter ended March 31, 2026 (and year ended March 31, 2026)
| SN. | Particulars | Quarter ended | Year Ended |
|---|---|---|---|
| March 31, 2026 (Unaudited) | December 31, 2025 (Unaudited) | ||
| I | Revenue from operations | 13,067.01 | 11,212.42 |
| II | Other income | 1,570.71 | 1,299.02 |
| III | TOTAL INCOME (I + II) | 14,637.72 | 12,511.44 |
| IV | EXPENSES | ||
| Employee benefits expense | 5,256.53 | 5,512.57 | |
| Finance cost | 62.54 | 64.70 | |
| Depreciation and amortisation expense | 382.51 | 369.11 | |
| Other expenses | 1,735.27 | 1,665.68 | |
| TOTAL EXPENSES (IV) | 7,436.85 | 7,612.06 | |
| V | Profit before exceptional items and tax (III)-(IV) | 7,200.87 | 4,899.38 |
| VI | Exceptional items | – | – |
| VII | Profit before tax expenses (V – VI) | 7,200.87 | 4,899.38 |
| VIII | Tax expenses: | ||
| Current tax | 1,874.33 | 1,333.90 | |
| Adjustment of tax relating to earlier periods | 3.94 | – | |
| Deferred tax | (22.26) | (88.48) | |
| Total tax expense | 1,856.01 | 1,245.42 | |
| IX | Net profit for the period/year (VII – VIII) | 5,344.86 | 3,653.96 |
| Profit for the period/year attributable to: | |||
| Non-controlling interest | 61.41 | 64.46 | |
| Owners of the parent | 5,283.45 | 3,589.50 | |
| X | Other comprehensive income | ||
| A (i) Items that will not be reclassified to profit/(loss) | 25.62 | (5.44) | |
| (ii) Income tax relating to items that will not be reclassified to profit/(loss) | (5.95) | 0.84 | |
| B (i) Items that will be reclassified to profit/(loss) | 142.24 | 19.47 | |
| (ii) Income tax relating to items that will be reclassified to profit/(loss) | – | – | |
| Other comprehensive income/(loss) for the period/year | 161.91 | 14.87 | |
| Other comprehensive income/(loss) for the period/year attributable to: | |||
| Non-controlling interest | 3.50 | (1.80) | |
| Owners of the parent | 158.41 | 16.67 | |
| XI | Total comprehensive income/(loss) for the period/year (IX + X) | 5,506.77 | 3,668.83 |
| Total comprehensive income/(loss) for the period/year attributable to: | |||
| Non-controlling interest | 64.90 | 62.65 | |
| Owners of the parent | 5,441.87 | 3,606.18 | |
| Paid up equity share capital (Face value ₹ 10 per share) | 3,004.70 | 3,002.50 | |
| Other equity | – | – | |
| Earnings per equity share (Face value ₹ 10 each) (Not annualised for the quarters ended) | |||
| Basic (₹) | 17.58 | 11.96 | |
| Diluted (₹) | 17.51 | 11.91 |
| SN. | Particulars | As at March 31, 2026 Audited | As at March 31, 2025 Audited |
|---|---|---|---|
| A | ASSETS | ||
| 1 | Non current assets | ||
| Property plant and equipment | 8,132.70 | 7,993.57 | |
| Right of use assets | 2,315.70 | 2,162.11 | |
| Goodwill on consolidation | 795.03 | 795.03 | |
| Other intangible assets | 996.38 | 970.65 | |
| Intangible assets under development | 532.34 | 292.40 | |
| Financial assets | |||
| Investments | 6,634.30 | 13,407.17 | |
| Loans | 143.56 | 114.34 | |
| Other financial assets | 23,099.88 | 642.89 | |
| Deferred tax assets (Net) | 16.98 | 1.25 | |
| Other non-current assets | 75.94 | 182.34 | |
| Total non-current assets | 42,742.81 | 26,561.75 | |
| 2 | Current assets | ||
| Financial assets | |||
| Investments | 2,053.55 | – | |
| Trade receivables | 3,503.51 | 3,208.53 | |
| Cash and cash equivalents | 4,259.95 | 4,881.52 | |
| Bank balances other than cash and cash equivalents | 8,641.89 | 4,818.68 | |
| Loans | 180.50 | 123.92 | |
| Other financial assets | 47,167.87 | 55,024.45 | |
| Current tax asset (Net) | 791.91 | 417.70 | |
| Other current assets | 1,131.71 | 737.87 | |
| Total current assets | 67,730.89 | 69,212.67 | |
| Total assets | 1,10,473.70 | 95,774.42 | |
| B | EQUITY AND LIABILITIES | ||
| I | EQUITY | ||
| Equity share capital | 3,004.70 | 2,993.21 | |
| Share application money pending allotment | 13.16 | – | |
| Other equity | 90,226.66 | 77,633.60 | |
| Equity attributable to equity holders of the parent | 93,244.52 | 80,626.81 | |
| Non-controlling interest | 1,067.99 | 923.44 | |
| Total equity | 94,312.51 | 81,550.25 | |
| II | LIABILITIES | ||
| 1 | Non-current liabilities | ||
| Financial liabilities | |||
| Lease liabilities | 2,180.45 | 2,049.42 | |
| Other Financial Liabilities | 1.80 | – | |
| Provisions | 1,607.97 | 1,734.14 | |
| Deferred tax liabilities (Net) | 602.64 | 660.16 | |
| Total non-current liabilities | 4,392.86 | 4,443.72 | |
| 2 | Current liabilities | ||
| Financial liabilities | |||
| Lease liabilities | 437.95 | 327.48 | |
| Trade payables | |||
| – Total outstanding dues of micro enterprises and small enterprises | 80.03 | – | |
| – Total outstanding dues of other than micro enterprises and small enterprises | 1,409.32 | 1,514.16 | |
| Other financial liabilities | 3,930.67 | 2,715.98 | |
| Other current liabilities | 5,058.08 | 4,509.02 | |
| Provisions | 531.61 | 557.74 | |
| Current tax liability (net) | 320.67 | 156.07 | |
| Total current liabilities | 11,768.33 | 9,780.45 | |
| Total equity and liabilities | 1,10,473.70 | 95,774.42 |
| Particulars | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Cash flows from Operating Activities | ||
| Profit before tax | 23,535.35 | 19,226.58 |
| Adjustments for | ||
| Interest income | (4,850.53) | (4,504.10) |
| Dividend income from equity securities | (20.21) | (17.64) |
| Realized gain on sale of investments | (339.81) | (184.50) |
| Unrealized gain on fair valuation of investments through profit and loss | (4.55) | (251.84) |
| Provision for doubtful debts | (60.32) | 267.91 |
| Bad debts written off | 9.53 | 77.23 |
| Loss/(Gain) on Sale of Property, Plant & Equipment | (320.11) | 8.22 |
| Share based payment Expenses | 175.73 | 187.67 |
| Unrealised foreign exchange (gain)/ loss | – | (16.90) |
| Finance cost on lease liabilities | 248.61 | 210.82 |
| Depreciation and amortization expenses | 1,437.18 | 1,172.17 |
| Operating cash flow before working capital changes | 19,810.87 | 16,175.62 |
| Movements in working capital | ||
| Decrease/(Increase) in Financial assets | (252.88) | (1,465.77) |
| Decrease/(Increase) in other current assets | (546.69) | 658.99 |
| (Decrease)/Increase in financial liabilities | 1,655.80 | 913.77 |
| (Decrease)/Increase in Other liabilities & provisions | 538.74 | 1,077.41 |
| Total Movements in working capital | 1,394.97 | 1,184.40 |
| Taxes paid (net of refund) | (6,448.66) | (5,064.63) |
| Net cash generated from operating activities | 14,757.18 | 12,295.39 |
| Cash flows from Investing Activities | ||
| Interest received | 10,485.90 | 4,802.71 |
| Dividend received | 20.21 | 17.64 |
| Proceeds from fixed deposits | 40,772.39 | 52,699.46 |
| Investment in Fixed deposits | (64,982.43) | (53,279.33) |
| Acquisition of Property, Plant & Equipment | (829.96) | (1,473.77) |
| Buyback of property, plant & equipment and Intangible assets under development | 24.78 | – |
| Purchase of investments | (36,048.89) | (8,920.08) |
| Redemption of investments | 41,112.57 | 310.55 |
| Net cash (used in)/ generated from investing activities | (9,445.43) | (5,842.82) |
| Cash flows used in Financing Activities | ||
| Dividend paid | (5,835.68) | (5,491.12) |
| Proceeds from exercise of share options | 659.36 | 421.41 |
| ESOP Application money received | 13.16 | – |
| Repayment of lease liability | (521.55) | (119.08) |
| Payment of interest on lease liability | (248.61) | (210.82) |
| Net cash used in financing activities | (5,933.32) | (5,399.61) |
| Net increase in cash and cash equivalents | (621.57) | 1,052. |