CARE Ratings Q1 FY27: Ratings-led growth with steady non-ratings contribution

Consolidated operating income was Rs 111.68 crore in Q1 FY27, up 18.9% year-on-year.

Standalone operating income was Rs 88.15 crore, EBITDA was Rs 32.09 crore with 36.5% margin, PAT was Rs 33.88 crore with 32.7% margin, and EPS was Rs 11.27.

Ratings Business contributed Rs 98.71 crore and Non-Ratings Business contributed Rs 12.97 crore to consolidated operating income in Q1 FY27.

CARE ESG Ratings states it is a market leader among Category 1 ESG Rating Providers with 58% market share under the issuer-pays model.

The document mentions entities in India (parent and GIFT City IFSC), Mauritius (CARE Ratings Africa domicile), South Africa, and Nepal.

The Managing Director and Group CEO stated that the company’s financial performance should be evaluated on an annual basis rather than on a QoQ or sequential basis.