CARE Ratings Limited

rs 14

To, The General Manager Corporate Relation Department BSE Limited Phiroze Jeejeebhoy Towers 14th Floor, Dalal Street Mumbai 400 001 Scrip Code: 534804 Dear Sir/ Madam, Date: January 28, 20

12%

l rating business. Standalone Results CARE Ratings’ standalone income from operations was up by 12% to Rs. 54.55 crore in Q3FY23, compared with Rs. 48.65 crore in the corresponding quarter of the pr

Rs. 54.55 crore

g business. Standalone Results CARE Ratings’ standalone income from operations was up by 12% to Rs. 54.55 crore in Q3FY23, compared with Rs. 48.65 crore in the corresponding quarter of the previous year. Total

Rs. 48.65 crore

atings’ standalone income from operations was up by 12% to Rs. 54.55 crore in Q3FY23, compared with Rs. 48.65 crore in the corresponding quarter of the previous year. Total income was up by 18% to Rs.65.58 crore in

18%

red with Rs. 48.65 crore in the corresponding quarter of the previous year. Total income was up by 18% to Rs.65.58 crore in Q3FY23, compared with Rs. 55.45 crore in Q3FY22. Total expenses have increase

Rs.65.58 crore

h Rs. 48.65 crore in the corresponding quarter of the previous year. Total income was up by 18% to Rs.65.58 crore in Q3FY23, compared with Rs. 55.45 crore in Q3FY22. Total expenses have increased by 8% to Rs. 38.

Rs. 55.45 crore

uarter of the previous year. Total income was up by 18% to Rs.65.58 crore in Q3FY23, compared with Rs. 55.45 crore in Q3FY22. Total expenses have increased by 8% to Rs. 38.30 crore in Q3FY23, compared with Rs 35.6

8%

s.65.58 crore in Q3FY23, compared with Rs. 55.45 crore in Q3FY22. Total expenses have increased by 8% to Rs. 38.30 crore in Q3FY23, compared with Rs 35.60 crore in Q3FY22. Operating profit increased b

Rs. 38.30 crore

8 crore in Q3FY23, compared with Rs. 55.45 crore in Q3FY22. Total expenses have increased by 8% to Rs. 38.30 crore in Q3FY23, compared with Rs 35.60 crore in Q3FY22. Operating profit increased by 49% to Rs. 22.25

Rs 35.60 crore

5 crore in Q3FY22. Total expenses have increased by 8% to Rs. 38.30 crore in Q3FY23, compared with Rs 35.60 crore in Q3FY22. Operating profit increased by 49% to Rs. 22.25 crore in Q3FY23 from Rs. 14.93 crore in

49%

o Rs. 38.30 crore in Q3FY23, compared with Rs 35.60 crore in Q3FY22. Operating profit increased by 49% to Rs. 22.25 crore in Q3FY23 from Rs. 14.93 crore in Q3FY22. Net profit increased by 44% to Rs. 21

Rs. 22.25 crore

8.30 crore in Q3FY23, compared with Rs 35.60 crore in Q3FY22. Operating profit increased by 49% to Rs. 22.25 crore in Q3FY23 from Rs. 14.93 crore in Q3FY22. Net profit increased by 44% to Rs. 21.40 crore in Q3FY23

Knowledge Sharing Forums

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Group Approach

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Technology

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Talent

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Branding

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Publications

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Highlights

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Branding

Create a distinguished brand worthy of a financial powerhouse 4 Q3 & 9M FY23 l Private & Confidential – CARE Ratings Limited Financial Performance – Q3 FY23 (Standalone) 12% 54… 18% 65.58 48.65 55.45 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Revenue from operations (Rs. Cr.) Total Income (Rs. Cr.) 49% 41% 22.25 14.93 33% 21.40 44% 14.90 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 EBITDA (Rs. Cr.) EBITDA Margin PAT (Rs. Cr.) PAT Margin 5 Q3 & 9M FY23 l Private & Confidential – CARE Ratings Limited Financial Performance – 9M FY23 (Standalone) 13% 180.79 15% 207.77 159.73 180.7 9M FY22 9M FY23 Revenue from operations (Rs. Cr.) 9M FY22 9M FY23 Total Income (Rs. Cr.) 48% 85.96 50% 38% 77.95 40% 57.25 55.55 9M FY22 EBITDA (Rs. Cr.) 9M FY23 EBITDA Margin 9M FY22 9M FY23 PAT (Rs. Cr.) PAT Margin 6 Q3 & 9M FY23 l Private & Confidential – CARE Ratings Limited Financial Performance – Q3 FY23 Particulars Total Income Total Expenses Standalone Q3 FY23 Q3 FY22 65.58 55.45 38.30 35.60 Profit Before Tax (PBT) 27.29 19.85 P

Publications

CareEdge launches FORESIGHTS - a power- packed monthly publication that gives a thorough understanding of some macroeconomic and sector- specific developments shaping the country. Reports Published in Q3 FY23 Daily Fortnightly Monthly Special reports 61 6 33 23

Knowledge Sharing Forums

CareEdge senior leaders, economics and sector specialists teams participated in 30 knowledge-sharing forums in Q3.

Highlights

• CareEdge, in association with the Mauritius Institute of Directors, organised the first edition of the ESG Summit on November 16 in Balaclava, Mauritius in the presence of honourable Chief Guest Mahen Kumar Seeruttun, Minister of Financial Services & Good Governance, Mauritius. Chairman Najib Shah and MD & CEO Mehul Pandya graced the occasion and kickstarted the event with keynote speeches. Saurav Chatterjee, CEO, CRAF and Sushmita Majumdar, co-CEO, CART also spoke at this event. • On the occasion of World Investor Week Securities Board of Nepal (SEBON), in association with the Credit in Rating Agency of Nepal organised an event on ‘Essence of Credit Rating Service in Securities Market’ Kathmandu, Nepal. • CareEdge was a Knowledge Partner at ASSOCHAM’s conference on ‘Odisha Minerals & Metals Industry: Exploring Opportunities & Addressing Concerns’ and published its Knowledge Paper at this event. • CARE Risk Solutions participated in an IBA (Indian Banks' Association) event that had 2

Knowledge Sharing Forums

• • • • • • Indian Conference Sachin Gupta, Chief Rating Officer – Speaker at ACRAA Annual Meet in Manila - What are we Rating? Is probability Default or Something Else? Sanjay Agrawal, Senior Director - Speaker at 105th Annual Association, of Bengaluru - ‘Sectors of the Economy, Performance and Aspirations’ Rajani Sinha, Chief Economist - Guest Lecture at NMIMS on Economy Rajani Sinha, Chief Economist - Guest speaker at PhillipCapital for their webinar series - impact of the global turmoil on the Indian economy. Rajashree Murkute, Senior Director - Speaker at SEBI’s event on Municipal Bonds - “Status of Muni Bond Market in India & Rating Framework adopted by CRAs for ULBs” at NISM Patalganga Campus. Nehal Shah, Head, Compliance Legal Secretarial - Guest speaker at Compliance 10/10, Symposium and Awards. Webinar • Corporate India: Steady ship in turbulent waters? Indian Airports - Smooth Runway Post Pandemic • • Cement - Straddling between Demand Growth and Cost • Will Rising Natural G