ICRA Limited Latest Updates

$ICRA FY26 Annual & Q4 Financial Surge For the full financial year 2025–26, the credit rating agency reported a 20.4% year-on-year increase in consolidated operational revenue to ₹599.5 crore, while Profit Before Tax (PBT) rose 10.0% YoY to ₹257.4 crore. In the fourth quarter (Q4 FY26), consolidated revenue jumped 28.4% YoY to ₹174.9 crore, with quarterly PBT reaching ₹72.8 crore, driven by robust demand for bond market credit ratings and structured finance evaluations. Record Dividend Outlay & 35-Year Milestone To commemorate its 35th year of operations, the Board of Directors recommended a total final dividend of ₹105 per equity share (face value ₹10) for FY26. This includes a base dividend of ₹70 alongside a special dividend component of ₹35 per share, bringing the aggregate annual cash payout to ₹101.3 crore (compared to ₹57.9 crore in FY25) with a formal record date of July 23, 2026. Segment Performance & Fintellix Integration Divisionally, ICRA's Ratings and Ancillary Services revenue grew 14.2% YoY in FY26, supported by strong credit demand across the infrastructure, financial, and securitization verticals. Meanwhile, the Research & Analytics segment delivered a 29.8% YoY revenue expansion (and 56.8% YoY growth in Q4), anchored by higher demand for market data analytics and the successful commercial integration of banking technology firm Fintellix. Macroeconomic Research Output Demonstrating its market research footprint, ICRA released its latest India economic outlook report, projecting Q1 FY27 national real GDP growth in the 6.4%–6.6% range. The agency noted that despite input cost pressures on corporate sector margins, its proprietary Business Activity Monitor registered a 32-month high Y-o-Y growth rate of 12% in June 2026.