Credit Analysis and Research Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
February 03, 2017 at 08:09 am EST
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Credit Analysis and Research Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported total income from operations of INR 659.484 million compared to INR 629.340 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 435.404 million compared to INR 393.641 million for the same period a year ago. Profit from ordinary activities before tax was INR 598.361 million compared to INR 403.562 million for the same period a year ago. Net profit was INR 451.556 million or INR 15.33 per diluted share compared to INR 268.098 million or INR 9.17 per diluted share for the same period a year ago. EBITDA was INR 606.0 million compared to INR 413.0 million a year ago.
For the nine months, the company reported total income from operations of INR 2,040.970 million compared to INR 1,896.068 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,370.245 million compared to INR 1,172.261 million for the same period a year ago. Profit from ordinary activities before tax was INR 1,615.073 million compared to INR 1,233.673 million for the same period a year ago. Net profit was INR 1,130.616 million or INR 38.40 per diluted share compared to INR 821.555 million or INR 28.09 per diluted share for the same period a year ago. EBITDA was INR 1,638.9 million compared to INR 1,263.5 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.