ICRA532835Quarterly results

Unaudited results for quarter and six months ended September 30, 2026 approved; review conclusion unmodified

Board approved the unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026, after review by the Audit Committee.

By ScoutQuest · Thu 29 Oct 2026, 5:52 PM IST · 2 min read

Consolidated · ₹ lakh · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	17,785.64	13,657.87	+30.2%	16,336.60	+8.9%
Total income	19,524.78	15,748.64	+24%	19,099.32	+2.2%
Profit before tax	7,198.57	6,436.81	+11.8%	7,611.54	−5.4%
Profit after tax	5,243.53	4,802.24	+9.2%	5,645.88	−7.1%
Total comprehensive income	5,277.74	4,807.83	+9.8%	5,645.89	−6.5%
Basic EPS	54.20	49.68	+9.1%	58.36	−7.1%

Total income YoY: +24%
Profit after tax YoY: +9.2%
Period: Quarter ended 30-Sep-2026

Auditor's review

Conclusion: Unmodified

Other matter: results of 6 subsidiaries not reviewed by auditors (total revenue Rs. 276.61 lakhs for the quarter); conclusion not modified in respect of reliance on Management-certified results.

Notes to the results

Exceptional item: gain on sale of property, plant and equipment of (438.66) lakhs in quarter ended 30-Jun-2026.
IAL acquired remaining 40% of D2K Technologies for ₹32.02 crore; liability remeasurement gain of ₹6.76 crore recognised in Other Income; D2K became wholly owned.
Company acquired remaining 1.25% of Fintellix India Private Limited for ₹3.17 crore, making it a wholly owned subsidiary.
Prior-year quarter excludes Fintellix (acquired October 2025); figures not directly comparable.

What the board approved

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026. The results were reviewed by the Audit Committee before the Board's approval, and the statutory auditors, Deloitte Haskins & Sells, issued limited review reports on both the standalone and the consolidated statements.

Auditor's review conclusion

The conclusion on both statements is unmodified. The auditors state that nothing came to their attention that causes them to believe the statements contain any material misstatement or are not disclosed in the manner required. A limited review is narrower in scope than a full audit and gives a conclusion, not an audit opinion. The consolidated review report also records that the consolidated results include the financial results of subsidiaries that were not reviewed by the auditors or by their auditors, and that reliance on those management-certified results does not modify the conclusion.

Consolidated numbers (parent plus subsidiaries)

'Revenue from operations': Rs. 17,785.64 lakh for the quarter and Rs. 34,122.24 lakh for the six months.
'Profit after tax': Rs. 5,245.53 lakh for the quarter and Rs. 10,889.41 lakh for the six months.

Standalone numbers (parent company alone)

'Revenue from operations': Rs. 9,651.93 lakh for the quarter.
'Profit after tax': Rs. 12,751.82 lakh for the six months.

Acquisition-related notes in the results

D2K Technologies India Private Limited became a wholly owned subsidiary after the Group, through its wholly owned subsidiary ICRA Analytics Limited, acquired the remaining 40% stake. The consideration was ₹32.02 crore.
Fintellix India Private Limited became a wholly owned subsidiary after the balance 1.25% equity share capital was purchased for a consideration of ₹7.17 crore.

How to read the two sets of figures

The consolidated column shows the business including its subsidiaries and step-down subsidiaries, while the standalone column shows only the parent company. The two are meant to be read together, since earnings from subsidiaries are reflected in the consolidated view.

What kind of update this is

This is the regular quarterly and half-yearly results disclosure made after a board meeting, accompanied by the auditors' limited review reports. It reports performance for the period; it does not change the company's share capital or announce a dividend at this meeting.

19,524.78 (₹ in lakhs)Total income, latest quarter

Profit before tax, quarter7,611.54 (₹ in lakhs)

Profit before tax, latest quarter7,198.57 (₹ in lakhs)

Profit after tax, year-ago quarter4,802.24 (₹ in lakhs)

Total income, latest quarter 19,524.78 (₹ in lakhs): Profit before tax, quarter 7,611.54 (₹ in lakhs), Profit before tax, latest quarter 7,198.57 (₹ in lakhs), Profit after tax, year-ago quarter 4,802.24 (₹ in lakhs).

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