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“Care Ratings’ Q4 Surge: 35% Profit Jump Signals Fiscal Success”

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“Care Ratings’ Q4 Surge: 35% Profit Jump Signals Fiscal Success”

Care Ratings has reported a 35% increase in its standalone net profit for the fourth quarter ended March 31, 2024. The domestic rating agency reported a profit after…

Care Ratings has reported a 35% increase in its standalone net profit for the fourth quarter ended March 31, 2024.

The domestic rating agency reported a profit after tax of Rs 34.8 crore during the January-March quarter of the 2023-24 fiscal, compared to Rs 25.9 crore in the same period of the previous fiscal year.

The total income of the company rose by 13% to Rs 88.5 crore in the March quarter. For the fiscal year 2023-24, the standalone net profit rose by 15% YoY to Rs 119.4 crore and the total income grew 15% to Rs 330 crore.

The board of Care Ratings has declared a final dividend of Rs 11/share, making the total declared dividend for the year Rs 18/share.

As of Friday, shares of Care Ratings were trading at Rs 1,104.20 on BSE, up 0.29% from the previous close.

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