CARE Ratings Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Audited Standalone and Consolidated Earnings Results for the Year Ended March 31, 2018
May 22, 2018 at 10:27 pm EDT
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CARE Ratings Limited reported audited standalone earnings results for the fourth quarter and audited standalone and consolidated earnings results for the year ended March 31, 2018. For the quarter, on standalone basis, the company reported revenue from operations of INR 944.442 million against INR 763.826 million a year ago. Profit before exceptional items and tax was INR 648.749 million against INR 522.832 million a year ago. Profit before tax was INR 648.749 million against INR 522.832 million a year ago. Net profit for the period was INR 399.204 million or INR 13.55 per diluted share against INR 363.013 million or INR 12.32 per diluted share for the same period a year ago.
For the year, on standalone basis, the company reported revenue from operations of INR 3,216.100 million against INR 2,804.796 million a year ago. Profit before exceptional items and tax was INR 2,317.535 million against INR 2,170.610 million a year ago. Profit before tax was INR 2,317.535 million against INR 2,170.610 million a year ago. Net profit for the period was INR 1,610.276 million or INR 54.10 per diluted share against INR 1,522.508 million or INR 51.70 per diluted share for the same period a year ago.
For the year, on consolidated basis, the company reported revenue from operations of INR 3,326.841 million against INR 2,874.319 million a year ago. Profit before exceptional items and tax was INR 2,330.792 million against INR 2,124.861 million a year ago. Profit before tax was INR 2,330.792 million against INR 2,124.861 million a year ago. Net profit for the period was INR 1,473.056 million or INR 49.49 per diluted share against INR 1,476.164 million or INR 50.13 per diluted share for the same period a year ago.
CARE Ratings Limited is an India-based credit rating company. The Company provides ratings for a variety of industries, such as manufacturing, infrastructure and the financial sector, which includes banking and non-financial services. It provides credit ratings, including debt ratings, bank loan ratings, securitization ratings and expected loss ratings. Its subsidiary, CARE Advisory Research and Training Limited, is engaged in the business of advisory; environmental, social, and governance, and research. Its subsidiary, CARE Risk Solutions Private Limited, provides risk and compliance solutions for banks and financial institutions. It offers services such as BI and analytics, Liferay implementation and MLD valuations. Its subsidiary, CARE Ratings Nepal Limited, offers a range of rating services, which includes the rating of debt instruments primarily bank borrowings, issuer rating and fund management quality rating. Its other subsidiary is CARE Ratings (Africa) Private Limited.
CARE Ratings Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Audited Standalone and Consolidated Earnings Results for the Year Ended March 31, 2018