Credit Analysis and Research Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2017 and Audited Consolidated Earnings Results for the Year Ended March 31, 2017
May 16, 2017 at 10:03 am EDT
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Credit Analysis and Research Limited reported audited standalone earnings results for the fourth quarter and year, ended March 31, 2017 and consolidated earnings results for the year ended March 31, 2017. For the quarter, on standalone basis, the company reported revenue from operations of INR 763.826 million compared to INR 752.353 million for the same period a year ago. Total income was INR 847.858 million compared to INR 776.971 million a year ago. Profit before exceptional and extraordinary items and tax was INR 547.688 million compared to INR 534.521 million for the same period a year ago. Profit before extraordinary items and tax was INR 547.688 million compared to INR 534.521 million for the same period a year ago. Profit before tax was INR 547.688 million compared to INR 534.521 million a year ago. Profit for the period was INR 384.482 million or INR 13.05 per diluted share compared to INR 355.296 million or INR 12.10 per diluted share for the same period a year ago.
For the year, on standalone basis, the company reported revenue from operations of INR 2,804.796 million compared to INR 2,648.421 million for the same period a year ago. Total income was INR 3,133.656 million compared to INR 2,734.451 million a year ago. Profit before exceptional and extraordinary items and tax was INR 2,162.761 million compared to INR 1,768.194 million for the same period a year ago. Profit before extraordinary items and tax was INR 2,162.761 million compared to INR 1,768.194 million for the same period a year ago. Profit before tax was INR 2,162.761 million compared to INR 1,768.194 million a year ago. Profit for the period was INR 1,515.098 million or INR 51.45 per diluted share compared to INR 1,176.851 million or INR 40.23 per diluted share for the same period a year ago. Operating profit was INR 1,833.9 million against INR 1,682.2 million a year ago.
For the year, on consolidated basis, the company reported revenue from operations of INR 2,874.319 million compared to INR 2,793.668 million for the same period a year ago. Total income was INR 3,202.868 million compared to INR 2,880.568 million a year ago. Profit before exceptional and extraordinary items and tax was INR 2,120.998 million compared to INR 1,783.928 million for the same period a year ago. Profit before extraordinary items and tax was INR 2,120.998 million compared to INR 1,783.928 million for the same period a year ago. Profit before tax was INR 2,120.998 million compared to INR 1,783.928 million a year ago. Profit for the period was INR 1,473.619 million or INR 50.05 per diluted share compared to INR 1,196.010 million or INR 40.88 per diluted share for the same period a year ago. Operating profit was INR 1,792.4 million against INR 1,697.0 million 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.
Credit Analysis and Research Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2017 and Audited Consolidated Earnings Results for the Year Ended March 31, 2017