ICRA Q2 Results FY27: Revenue Jumps 30.22% to Rs 177.86 Cr, PAT Up 9.2% to Rs 52.44 Cr

October 29, 2026
Posted by: Harsh Piplani
Category: Results

Quick Answer

ICRA Q2 Results FY27 were declared on 29 October 2026 for the July to September 2026 quarter. In these quarterly results, consolidated revenue came in at Rs 177.86 Cr, up 30.22% from Rs 136.58 Cr a year earlier. Net profit rose 9.2% to Rs 52.44 Cr from Rs 48.02 Cr, while Operating Profit reached Rs 65.76 Cr, a YoY growth of 35.5%.

ICRA Ltd Q2 Results FY27 announced on 29 October 2026, covering the company’s financial performance for the July to September quarter. The results date brought consolidated revenue of Rs 177.86 Cr and PAT of Rs 52.44 Cr into view. ICRA Q2 Results FY27 therefore pair 30.22% revenue growth with a 9.2% rise in profit after tax, measured against the same quarter last year.

This ICRA Q2 Results article covers the financial highlights, the business drivers, the outlook and the risks in one connected sequence. The results analysis starts with the Financial Highlights table below, which sets each reported line beside the figure from the same quarter of last year.

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Table of Contents

ICRA Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 177.86 Cr	Rs 136.58 Cr	+30.22% YoY
Operating Profit	Rs 65.76 Cr	Rs 48.53 Cr	+35.5% YoY
Net Profit (PAT)	Rs 52.44 Cr	Rs 48.02 Cr	+9.2% YoY

Source: company filing for ICRA Q2 Results FY27, 29 October 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from ICRA Q2 Results: What Stands Out

Revenue of Rs 177.86 Cr was up 30.22% from Rs 136.58 Cr, a strong double-digit YoY growth rate across the quarter.
Net profit of Rs 52.44 Cr climbed 9.2% from Rs 48.02 Cr, a rise well below the pace of revenue.
Operating Profit of Rs 65.76 Cr rose 35.5% from Rs 48.53 Cr, the fastest moving of the three reported lines.
All three lines moved higher than a year earlier, and the risks section sets out why net profit grew far more slowly than sales.
Consolidated basis applies to ICRA Q2 Results FY27, and the performance analysis below explains how the three lines moved.

ICRA Q2 Results FY27: Performance Analysis

ICRA reported consolidated revenue of Rs 177.86 Cr, net profit of Rs 52.44 Cr and Operating Profit of Rs 65.76 Cr for July to September 2026. Every line was higher than a year earlier, and Operating Profit grew fastest of the three, as the YoY growth figures show.

Revenue growth of 30.22% took sales from Rs 136.58 Cr to Rs 177.86 Cr. ICRA Q2 Results FY27 show Operating Profit moving from Rs 48.53 Cr to Rs 65.76 Cr, a rise of 35.5%, which means that line grew faster than sales.

Net profit increased 9.2% from Rs 48.02 Cr to Rs 52.44 Cr, an absolute gain of Rs 4.42 Cr. Across these quarterly results the ICRA Q2 Results pattern is mixed, with Operating Profit outrunning sales while net profit trailed them, and the results analysis now turns to the business factors behind the numbers.

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Key Business Factors This Quarter

Revenue Growth – The results analysis points first to revenue, which grew 30.2% year on year to Rs 177.86 Cr in the latest quarter. This is the sales base against which the profit lines for the quarter are measured.

Net Profit Growth – Net profit rose 9.2% year on year to Rs 52.44 Cr. ICRA Q2 Results FY27 therefore record profit growing alongside sales over the same twelve months, as the supplied record shows.

Returns on Equity and Capital Employed – Return on equity was 16.42% in FY26 and return on capital employed was 22.80% in FY26. These full-year returns sit beside the latest quarterly results and lead into the FY27 outlook.

FY27 Outlook After ICRA Q2 Results

The FY27 outlook will depend on the quarters that follow and on disclosed sector conditions, since full-year results are built quarter by quarter. ICRA Q2 Results FY27 set a reference point of Rs 52.44 Cr in net profit against which later results can be read from the results date onward.

A useful results analysis of the next filings would track whether YoY growth of 30.22% in revenue continues and how net profit keeps pace with sales. Readers can follow each new disclosure through the Univest app and Univest Screener, and the next section turns to the risks.

Key Risks to Watch After ICRA Q2 Results FY27

Net Profit Margin Narrowed

Net profit margin narrowed to 29.5% from 35.2% in the comparison quarter. ICRA Q2 Results FY27 show YoY growth of 30.22% in sales, but a smaller share of each rupee of revenue reached net profit.

Net Profit Down Sequentially

Net profit was down 6.6% quarter on quarter from Rs 56.16 Cr. The latest quarter therefore sits below the preceding one, a sequential move that readers can track in later filings.

Return on Equity Declined

Return on equity declined to 16.42% in FY26 from 16.92% in FY25. That full-year figure sits behind the quarterly numbers, and the conclusion notes it alongside the narrower margin.

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Conclusion

ICRA Q2 Results FY27 show consolidated revenue of Rs 177.86 Cr, up 30.22%, with Operating Profit at Rs 65.76 Cr and net profit at Rs 52.44 Cr, each higher than a year earlier. The narrower net profit margin and the sequential dip remain the points to follow in these consolidated results. Readers comparing the ICRA Q2 Results with later quarterly results should consult a SEBI-registered advisor before acting.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice. Research Analyst: Uniresearch Global Pvt. Ltd., SEBI Registration No. INH000013776.

Frequently Asked Questions on ICRA Q2 Results FY27

What are ICRA Q2 Results FY27?

Ans. ICRA Q2 Results FY27 cover the July to September 2026 quarter, with consolidated revenue of Rs 177.86 Cr and net profit of Rs 52.44 Cr, while the Quick Answer box sums up both lines for readers.

What is the results date for ICRA Q2 Results FY27?

Ans. The results date was 29 October 2026, when ICRA declared its consolidated results for July to September, so the opening paragraphs of this article carry the announcement details.

What revenue was reported in ICRA Q2 Results FY27?

Ans. ICRA reported consolidated revenue of Rs 177.86 Cr, compared with Rs 136.58 Cr a year earlier, which means the Financial Highlights table shows a 30.22% YoY rise in sales in these quarterly results.

What net profit was reported in ICRA Q2 Results FY27?

Ans. Net profit was Rs 52.44 Cr against Rs 48.02 Cr in the same quarter last year, so the Performance Analysis section records an increase of 9.2% over the year.

How much YoY growth did revenue show in ICRA Q2 Results FY27?

Ans. Revenue showed YoY growth of 30.22%, rising from Rs 136.58 Cr to Rs 177.86 Cr, while the Key Takeaways section places it above the growth recorded by net profit.

Did net profit rise or fall in ICRA Q2 Results?

Ans. Net profit rose 9.2% to Rs 52.44 Cr in the ICRA Q2 Results quarterly results, a pace well below the revenue rise of 30.22%, as the Key Risks section shows.

What was the Operating Profit in ICRA Q2 Results FY27?

Ans. In the consolidated results, Operating Profit was Rs 65.76 Cr, up 35.5% from Rs 48.53 Cr, which means it grew faster than revenue, as the Performance Analysis section explains.

Are ICRA Q2 Results consolidated results or standalone results?

Ans. These are consolidated results, so the revenue of Rs 177.86 Cr and net profit of Rs 52.44 Cr reflect the consolidated basis, as the Quick Answer and the Conclusion both state.

What business factors shaped ICRA Q2 Results FY27?

Ans. Revenue growth of 30.2%, net profit growth of 9.2% and a return on equity of 16.42% are among the factors listed, which the Key Business Factors section explains in the results analysis.

What are the key risks after ICRA Q2 Results FY27?

Ans. The three risks are a net profit margin of 29.5% against 35.2%, net profit down 6.6% sequentially and a lower return on equity of 16.42% in FY26, as the Key Risks section details.

What is the outlook after ICRA Q2 Results?

Ans. FY27 full-year results will depend on the coming quarters and disclosed sector conditions, so net profit of Rs 52.44 Cr serves as a reference point, as the Outlook section explains.

Where can I find the complete ICRA Q2 Results FY27 data?

Ans. The complete figures sit in the Financial Highlights table of this article, while the Univest Screener and Univest app give readers a place to follow later filings after the results date, as the Outlook section notes.

Author: Harsh Piplani

I am Harsh Piplani, an Assistant Content Manager with over 5 years of experience in crafting impactful, result-driven content. I hold a B.Com (Hons) degree and have worked across diverse industries, including education, fintech, healthcare, jewellery, and more. I specialise in content strategy, SEO, and optimisation, ensuring that every piece I create is not just well-written but also well-ranked. I believe content should do more than fill space so as to drive traffic, build authority, and support business growth. I enjoy turning complex ideas into clear, engaging narratives, and, as I like to say, I know how to spin words like a web to influence, structured, strategic, and impossible to ignore. For me, great content sits at the intersection of creativity and performance.