CARE Ratings Limited will host a virtual analyst and institutional investor meet with TenCore Partners on September 3, 2026. The session is scheduled for 8:00 pm.

The company issued the intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Discussions during the meet will be based on publicly available information.

Meeting Details

The investor presentation has been placed on the company’s website. The schedule may undergo changes due to exigencies on the part of the investor or the company.

CARE Ratings Limited reported a consolidated net profit of ₹3,299.26 lakh for the quarter ended June 30, 2026, up 24.89% from ₹2,649.74 lakh in the same period last year. The Mumbai-based credit rating agency saw consolidated revenue from operations rise 18.93% to ₹11,167.95 lakh, driven by an 18.97% increase in its core 'Ratings and related services' segment. EBITDA for the quarter stood at ₹346M, compared to ₹277M in the year-ago period, with EBITDA margin expanding to 31.01% from 29.52% — reflecting improved operating efficiency alongside robust top-line growth. This performance signals strong underlying demand for credit assessment services and effective cost management during the first quarter of FY27.

The Board of Directors, chaired by Managing Director & Group CEO Mehul Pandya, approved the unaudited standalone and consolidated financial results at a meeting held on August 7, 2026. The results were reviewed by B S R & Co. LLP, the statutory auditors of the company, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In compliance with Regulation 47 of the same regulations, CARE Ratings published newspaper advertisements detailing these financial results in Business Standard (English Edition) and Navshakti (Marathi Edition) on August 8, 2026. The full format of the quarterly results is available on the company’s website at www.careedge.in .

Financial Performance Highlights

Consolidated total income reached ₹12,647.89 lakh, compared to ₹10,760.25 lakh in Q1FY26. Other income contributed ₹1,479.94 lakh, rising from ₹1,369.75 lakh in the prior year quarter. On the expense side, employee benefits expense increased to ₹5,919.52 lakh from ₹5,370.04 lakh, reflecting continued investment in human capital. Total expenses stood at ₹8,150.71 lakh, up from ₹7,016.26 lakh in the same period last year.

Standalone net profit rose 16.39% to ₹3,388.36 lakh from ₹2,911.55 lakh in Q1FY26. Standalone revenue from operations grew 16.54% to ₹8,815.14 lakh. Basic earnings per share (EPS) stood at ₹10.73 on a consolidated basis and ₹11.27 on a standalone basis, compared to ₹8.61 and ₹9.72 respectively in the prior year quarter.

Segment and Operational Details

The 'Ratings and related services' segment generated ₹9,871.37 lakh in revenue, up from ₹8,297.75 lakh in Q1FY26. Segment profit before finance costs and tax for this core business was ₹4,512.16 lakh, compared to ₹3,766.71 lakh in the previous year. The 'Others' segment contributed ₹1,350.51 lakh to revenue but incurred a segment loss of ₹14.36 lakh, contrasting with a loss of ₹146.20 lakh in the same period last year, indicating improved operational efficiency in non-core activities.

Total comprehensive income for the quarter was ₹3,288.97 lakh, attributable to owners of the parent company at ₹3,211.22 lakh. Paid-up equity share capital increased marginally to ₹3,006.04 lakh from ₹2,995.81 lakh, following the allotment of 13,400 equity shares pursuant to the exercise of employee stock options during the quarter. Share-based payment expenses recognized under Ind AS 102 amounted to ₹57.37 lakh in consolidated results and ₹43.85 lakh in standalone results.

What the Numbers Show

The divergence between revenue growth (18.93%) and profit growth (24.89%) suggests improved operating leverage in the first quarter of FY27. The expansion in EBITDA margin to 31.01% from 29.52% further reinforces this trend, indicating that the company is converting a higher proportion of revenue into operating earnings. While employee benefits — typically the largest cost component for rating agencies — rose by 10.23%, they grew at a slower pace than top-line revenue. This indicates that CARE Ratings is generating more revenue per unit of labor cost, likely due to higher ticket sizes or increased efficiency in its ratings workflow. Additionally, the reduction in the loss from the 'Others' segment signals that diversification efforts are stabilizing, contributing positively to overall profitability without dragging down margins.