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 24, 20

16%

. STANDALONE FINANCIAL HIGHLIGHTS Rs. In Crs. Total Income Operating EBIDTA Profit After Tax +16% 241.56 207.77 +8% 92.54 85.96 +9% 84.61 77.94 9MFY23 9MFY24 9MFY23* 9MFY24 9MFY23 9MF

8%

L HIGHLIGHTS Rs. In Crs. Total Income Operating EBIDTA Profit After Tax +16% 241.56 207.77 +8% 92.54 85.96 +9% 84.61 77.94 9MFY23 9MFY24 9MFY23* 9MFY24 9MFY23 9MFY24 +22% 66.68 +22

9%

n Crs. Total Income Operating EBIDTA Profit After Tax +16% 241.56 207.77 +8% 92.54 85.96 +9% 84.61 77.94 9MFY23 9MFY24 9MFY23* 9MFY24 9MFY23 9MFY24 +22% 66.68 +22% 27.04 +4% 22.2

22%

56 207.77 +8% 92.54 85.96 +9% 84.61 77.94 9MFY23 9MFY24 9MFY23* 9MFY24 9MFY23 9MFY24 +22% 66.68 +22% 27.04 +4% 22.23 21.40 54.56 22.25 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY2

4%

.96 +9% 84.61 77.94 9MFY23 9MFY24 9MFY23* 9MFY24 9MFY23 9MFY24 +22% 66.68 +22% 27.04 +4% 22.23 21.40 54.56 22.25 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 *9MFY23 EBITDA would b

Rs.79.64

22.23 21.40 54.56 22.25 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 *9MFY23 EBITDA would be Rs.79.64 Crs post adjusting for one-off items 1 CARE Ratings Limited The Indian economy continues to remai

7.3%

the First Advance Estimate, India’s GDP growth in FY24 has been pegged at improvement in domestic 7.3% driven by government spending on infrastructure capex, manufacturing and robust services sector pe

11.2%

witnessed a moderation in Q3 FY24 with corporate bond and commercial paper issuances declining by 11.2% and 9%, respectively on a year-on-year basis. Bank credit growth has remained healthy, rising by 1

16.2%

% and 9%, respectively on a year-on-year basis. Bank credit growth has remained healthy, rising by 16.2% in FY24 (as on November) driven by the personal loans and services segment. Industrial credit grew

6.1%

FY24 (as on November) driven by the personal loans and services segment. Industrial credit grew by 6.1% in FY24 (as on November), lower than 13% growth in the year ago period. Credit to large industries

13%

l loans and services segment. Industrial credit grew by 6.1% in FY24 (as on November), lower than 13% growth in the year ago period. Credit to large industries remained muted with a growth of 3.6% in

“5 INVESTMENT PROJECTS SLOW; CAPACITY UTILIZATION MODERATES New Project Announcements Capacity Utilisation e r o r C h k a L .”

“Partnerships • CareEdge Analytics and Advisory has entered a strategic partnership with RITES Limited through a Memorandum of Understanding (MoU), aiming to collaborate on consultancy projects across infrastructure and ESG advisory domains.”

“No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.”

Investor Relations Advisors

2

Webinars

1

Speaker Invitations

1

Top Reports

1

Investor Relations Advisors

CIN: L67190MH1993PLC071691 CIN: U74140MH2010PTC204285 investor.relations@careedge.in Ms. Ami Parekh / Mr. Chaitanya Satwe ami.parekh@sgapl.net / chaitanya.satwe@sgapl.net www.careratings.com www.sgapl.net +91 80824 66052 / +91 9320006669 4 CARE Ratings Limited Investor Presentation Q3 & 9M FY24 Macro-Economic Indicators 2 FUNDRAISING ACTIVITY MODERATES IN Q3FY24 Corporate Bond Issuances CP Issuances Corporate Bond Issuances Moderate in Q3 FY24; But Remain Upbeat in 9M FY24 (Rs. Lakh Crore) 7.20 5.90 Commercial Paper Issuances Moderate (Rs. Lakh Crore) 10.5 10.0 2.70 2.40 3.2 2.9 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 QFY24 9MFY23 9MFY24 Source: Prime database; Note: Data includes private placement and public issues Source: RBI ▪ Corporate Bond issuances were lower by 11.2% (y-o-y) in Q3 FY24; However, the issuances were higher by 20.5% (y-o-y) in 9M FY24. ▪ Commercial paper issuances were lower by 9% and 5% (y-o-y) in Q3 and 9M FY24, respectively. 3 BANK CREDIT TO INDUSTRY MODERATES Sector

Webinars

Guest Speakers Moderated by Mr. Rajiv Sabharwal Ma na ging Director & CEO, Ta ta Ca pital Limited Mr. Sandip Ghose Ma na ging Director & CEO, Bi rl a Corporation Ltd Mr. Ramkumar Ramaswamy Chi ef Financial Officer, Jindal Steel & Power Li mited Mr. Kailash Vaswani Chi ef Financial Officer, ReNew Power Sachin Gupta Executi ve Director & Chi ef Rating Officer, Ca reEdge Ratings Corporate India - On a Steady Course Amid Challenges?- The Story of India’s Soaring Securitisation Market Unsecured Lending: Opportunity for Growth or Looming Risk? Mr. Deo Shankar Tripathi Executi ve Vice Chairman, Aadhar Hous ing Finance Ltd. Mr. Vikas Jain Chi ef Financial Officer, Hi nduja Leyland Finance Ms. Aditi Deshpande Na ti onal Credit Head, Adi tya Birla Finance Ms Presha Paragash Whol etime Director & Chi ef Executive Offi cer, Ki setsu Saison Finance India Pri va te Li mited Mr. Ashish Goyal Co-Founder & CFO, Ea rl ysalary Servi ces Pri vate Li mited Mr. Hemang Mehta Chi ef Risk Officer, Vi vri ti Ca

Speaker Invitations

• Mehul Pandya, MD & CEO of CareEdge, advocated for trade as India's growth catalyst in The Times Of India. • Mehul Pandya, MD & CEO of CareEdge, spoke at USIIC's event honouring NASA's Dr. Ravi Margasahayam. • • Sachin Gupta, Chief Rating Officer at CareEdge Ratings, analysed India Inc.'s H1 FY2024 performance in the Hindu Business Line. Sachin Gupta, Chief Rating Officer, discussed "India Credit Landscape" at The Edelweiss Annual Investors Meet. • Nadir Bhalwani, CIO & CTO of CareEdge Ratings, presented at the Mumbai Cloud and Datacentre Convention 2023. • Rajani Sinha, Chief Economist at CareEdge, spoke on India's potential at the PMS Bazar event. • Sanjay Agarwal, Senior Director at CareEdge Ratings, interpreted the RBI's consumer credit circular for A.K. Capital Services. • Rajashree Murkute, Senior Director at CareEdge Ratings, participated in SEBI's munibond program in Chandigarh. • Swati Agrawal and Tanvi Shah from CareEdge Analytics and Advisory held a session on AIFs for LIC

Top Reports

Credit quality assessment for H1FY24 Canada Stir Unlikely to Hit Specialised Education Loan NBFCs Portfolio Unsecured Lending - Opportunity for Growth or Looming Risk? Hospital Industry in India Set to Grow at 12 percent CAGR till FY26 Net Interest Margin in Q2FY24 Indian Airports: Passenger Traffic to Grow at 14 percent CAGR over FY23-25 India’s Capex Story Indian Diagnostic Sector Personal Loans and NBFCs Continue to Support Bank Credit Offtake Soda Ash Industry FY24 Margins Likely to Moderate by 400-550 bps but Long-term Growth Intact Story of India’s Soaring Securitisation Market The Global Debt Wave Post Covid Looks More Menacing Power Financing - At The Cusp of Inflection View View View View View View View View View View View View View 24 SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by CARE Ratings Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or

Investor Relations Advisors

CARE Ratings Limited Strategic Growth Advisors Private Limited CIN: L67190MH1993PLC071691 CIN: U74140MH2010PTC204285 investor.relations@careedge.in Ms. Ami Parekh / Mr. Chaitanya Satwe ami.parekh@sgapl.net / chaitanya.satwe@sgapl.net +91 80824 66052 / +91 9320006669 www.careratings.com www.sgapl.net 26 Thank You! About Us CareEdge is a knowledge-based analytical group that aims to provide superior insights based on technology, data analytics and detailed research. CARE Ratings Ltd, the parent company in the group, is one of the leading credit rating agencies in India. Established in 1993, it has a credible track record of rating companies across multiple sectors and has played a pivotal role in developing the corporate debt market in India. The wholly-owned subsidiaries of CARE Ratings are (I) CARE Advisory, Research & Training Ltd, which offers customised advisory services, credible business research and analytical services (II) CARE Risk Solutions Private Ltd, which provides risk man