ScoutQuest29 Oct 2026
ICRA532835Quarterly results

ICRA Q2 FY27: Risk & Analytics revenue up 52.2%, Ratings & ancillary services revenue up 17.3%

The company says Risk & Analytics revenue rose 52.2% and Ratings & ancillary services revenue rose 17.3% in Q2 FY27.

By ScoutQuest · · 1 min read

Risk & Analytics revenue growth
rose 52.2% in Q2 FY27
Ratings & ancillary services revenue growth
rose 17.3% in Q2 FY27
Fintellix acquisition
acquired in October 2025
Release
Results press release
Period
Q2 FY27

_Business-line figures · Q2 FY27_

📌 Within Risk & Analytics, the company says BankTech benefited from continued demand for risk and regulatory solutions, CapTech was supported by renewals and new offerings, and Knowledge Tech stayed resilient amid automation-led changes in client demand.

📌 Risk & Analytics brought its sales, customer support, product and delivery functions under a common framework, the company says, positioning the segment to operate as a unified platform.

🏭 The company says its Ratings growth was supported by broad-based expansion across bank credit, bonds, commercial paper and securitisation, and that it continued to expand its client base through outreach and franchise-development initiatives.

📌 The company says its Infrastructure and Corporate Conclave was held in Delhi on August 20, 2026, with Dr. Ashok Kumar Lahiri, Vice Chairman, NITI Aayog, delivering the keynote.

More numbers
  • Ratings & ancillary services revenue growth, Q2 FY2717.3%
  • Risk & Analytics revenue growth, Q2 FY2752.2%
  • Bank credit growth, Q2 FY2027 (market data cited in release)21.4%
  • Overall bond issuances growth, Q2 FY2027 (market data cited in release)39.9%
Source: BSE · 29 Oct 2026

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