ICRA Limited

8.7%

Structure 2 Performance Review: ICRA Limited Operating Environment • • • Bank credit grew by 8.7% y-o-y during Q2FY20. NBFC and retail segments continue to remain key drivers of credit growth. Bo

7.4%

il segments continue to remain key drivers of credit growth. Bond issuances witnessed a growth of 7.4% y-o-y during Q2FY20, driven by public sector undertakings (PSUs) whereas private sector issuance c

9%

(PSUs) whereas private sector issuance continue to decline. Commercial paper outstanding de-grew ~9% (q-o-q) in Q2FY20. Structured Finance volumes (PTCs) continued to grow strongly at ~35% (y-o-y) in

35%

g de-grew ~9% (q-o-q) in Q2FY20. Structured Finance volumes (PTCs) continued to grow strongly at ~35% (y-o-y) in Q2FY20 backed by large transactions in Asset-backed securities (ABS) and Mortgage-backe

₹50.9 crore

Highlights • • • • For the quarter ended September 30, 2019 the Company’s operating income was ₹50.9 crore, as against ₹56.5 crore in the corresponding quarter of the previous financial year. The decline in

₹56.5 crore

For the quarter ended September 30, 2019 the Company’s operating income was ₹50.9 crore, as against ₹56.5 crore in the corresponding quarter of the previous financial year. The decline in operating revenue mainl

32.5%

inued risk aversion to funding certain large NBFCs/HFCs. The other income in the quarter dipped by 32.5% from the year-ago quarter, mainly due to dividend received from one of the subsidiaries during the

50.3%

owever, no such dividend was received during the current quarter. PBT for the quarter was lower by 50.3% at ₹ 18.3 crore, as against ₹ 36.7 crore in the corresponding quarter of the previous financial yea

₹ 18.3 crore

o such dividend was received during the current quarter. PBT for the quarter was lower by 50.3% at ₹ 18.3 crore, as against ₹ 36.7 crore in the corresponding quarter of the previous financial year. PBT mainly de

₹ 36.7 crore

ved during the current quarter. PBT for the quarter was lower by 50.3% at ₹ 18.3 crore, as against ₹ 36.7 crore in the corresponding quarter of the previous financial year. PBT mainly declined due to higher lega

53.9%

gher legal and professional charges and provisions for bad debts. PAT for the quarter was lower by 53.9% at ₹ 13.1 crore, as against ₹28.4 crore in the corresponding quarter of the previous financial year

₹ 13.1 crore

l and professional charges and provisions for bad debts. PAT for the quarter was lower by 53.9% at ₹ 13.1 crore, as against ₹28.4 crore in the corresponding quarter of the previous financial year. 5 ICRA Stand