{"id":106136,"date":"2023-08-03T16:29:55","date_gmt":"2023-08-03T10:59:55","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106136"},"modified":"2023-08-03T16:29:57","modified_gmt":"2023-08-03T10:59:57","slug":"icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/","title":{"rendered":"ICRA Rating (2nd largest domestic rating firm) reported net income grew by 88% in Q1FY24."},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-998802745\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Leading financial\/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3323008164\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The ICRA Group of Companies (Group ICRA) is made up of ICRA and its subsidiaries today. ICRA is a public limited company, and the National Stock Exchange and the Bombay Stock Exchange both list their shares.<\/p><p>Icra Ratings on Thursday reported 88 per cent growth in net income at Rs 40.6 crore for June quarter 2023-24 buoyed by higher revenue.<\/p><p>Revenue during the quarter rose 11 per cent on-year to Rs 102.7 crore.<\/p><div class=\"trade-content_5\" id=\"trade-3235578970\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Rating revenue grew 16.1 per cent; top line from analytics was 4.4 per cent more than the year-ago period.<\/p><p>The quarter saw a relatively buoyant credit market with bond issuances and bank credit showing strong growth. The bond market grew on issuances from NBFCs and banks. The robust upsurge in the quarter was on a low base of last year and found support from moderating yields, it said in a statement.<\/p><p>The company continued to ride on the buoyant credit demand, reflecting robust growth for ratings leading to higher fee income.<\/p><p>The analytics business grew against a challenging global environment and remains a key focus area of Icra&#8217;s strategy, said Ramnath Krishnan, the managing director.<\/p><p>During the quarter, Icra continued to expand its research and outreach efforts with a strong focus on various sectors, including infrastructure, roads &amp; highways, steel and banking, he said.<\/p><p>Icra was set up in 1991 by leading financial\/investment institutions, commercial banks, and financial services companies as an independent and professional investment information and credit rating agency.<\/p><div class=\"trade-content-10\" id=\"trade-707083273\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>But today like its peers, it is majority owned by New York-based Moody&#8217;s Investors Service.&nbsp;<\/p><div class=\"trade-after-content\" id=\"trade-2331396980\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Leading financial\/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency. The ICRA Group of Companies (Group ICRA) is made up of ICRA and its subsidiaries today. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":93851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-106136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ICRA Rating (2nd largest domestic rating firm) reported net income grew by 88% in Q1FY24. - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Leading financial\/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICRA Rating (2nd largest domestic rating firm) reported net income grew by 88% in Q1FY24.\" \/>\n<meta property=\"og:description\" content=\"Leading financial\/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-03T10:59:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-03T10:59:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/icra-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/\",\"url\":\"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/\",\"name\":\"ICRA Rating (2nd largest domestic rating firm) reported net income grew by 88% in Q1FY24. - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/icra-cover-image.jpg\",\"datePublished\":\"2023-08-03T10:59:55+00:00\",\"dateModified\":\"2023-08-03T10:59:57+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Leading financial\/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency.\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/icra-cover-image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/icra-cover-image.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ICRA Rating (2nd largest domestic rating firm) reported net income grew by 88% in Q1FY24.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ICRA Rating (2nd largest domestic rating firm) reported net income grew by 88% in Q1FY24. - Trade Brains Features","description":"Leading financial\/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/","og_locale":"en_US","og_type":"article","og_title":"ICRA Rating (2nd largest domestic rating firm) reported net income grew by 88% in Q1FY24.","og_description":"Leading financial\/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency.","og_url":"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-08-03T10:59:55+00:00","article_modified_time":"2023-08-03T10:59:57+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/icra-cover-image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/","url":"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/","name":"ICRA Rating (2nd largest domestic rating firm) reported net income grew by 88% in Q1FY24. - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/icra-cover-image.jpg","datePublished":"2023-08-03T10:59:55+00:00","dateModified":"2023-08-03T10:59:57+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"Leading financial\/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency.","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/icra-cover-image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/icra-cover-image.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/icra-rating-2nd-largest-domestic-rating-firm-reported-net-income-grew-by-88-in-q1fy24\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"ICRA Rating (2nd largest domestic rating firm) reported net income grew by 88% in Q1FY24."}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/106136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=106136"}],"version-history":[{"count":2,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/106136\/revisions"}],"predecessor-version":[{"id":106140,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/106136\/revisions\/106140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/93851"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=106136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=106136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=106136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}