
ICRA Q4 Results 2026: Date, Revenue, PAT And Analyst Outlook
Thu Apr 16 2026

ICRA (NSE: ICRA) is set to announce its Q4 FY26 (January–March 2026) results on May 12, 2026. Trading at Rs 5,200 as of April 2026 — down -30% from its 52-week high of Rs 7,500 — the stock enters this pivotal results event having already corrected meaningfully from peak levels. Q4 FY26 delivers the full-year FY26 performance and the first formal FY27 management guidance.
This preview covers the confirmed results date, analyst consensus estimates, five key performance factors, five risks to monitor, analyst ratings, and the complete share price outlook for ICRA ahead of Q4 FY26 results.
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ICRA Q4 Results 2026 Date
The ICRA Q4 FY26 results date is May 12, 2026. The board will approve Q4 and full-year FY26 financial results, consider a final dividend for FY26, and provide management’s first formal FY27 business outlook.
| Company | Q4 Results Date | Key Metric to Watch |
| TCS | April 9, 2026 (Declared) | FY27 CC guidance + deal TCV |
| Infosys | April 23, 2026 | CC revenue growth range |
| HCL Technologies | April 22, 2026 | CC growth + EBIT margin |
| HDFC Bank | April 19, 2026 | NIM recovery + loan growth |
| ICRA | May 12, 2026 | See estimates below |
Why Q4 FY26 Matters
Q4 FY26 is the final quarter of FY2025–26 and carries the highest informational weight of any quarterly result. Beyond the Q4 standalone performance, the ICRA board on May 12, 2026 will deliver the complete FY26 annual performance, a final dividend recommendation, and the first formal FY27 guidance commentary — making this the single most important quarterly event for ICRA investors.
For ICRA in the Credit Rating Agency sector, Q4 captures the peak-season demand dynamics that typically deliver the quarter’s strongest operating leverage when execution conditions are favourable.
ICRA Q4 FY26 Earnings Estimates

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| Metric | Q4 FY26 Estimate | Q3 FY26 Actual | Trend |
| Revenue | Rs 185 Cr | Rs 165 Cr | Sequential improvement expected |
| Net Profit (PAT) | Rs 68 Cr | Rs 62 Cr | Normalisation in progress |
| Operating Margin | EBITDA 38% | Q3 FY26 level | Stable to improving |
| Volume / Revenue Growth | +12% revenue YoY | Prior quarter | YoY improvement expected |
| Final Dividend (Expected) | Rs 60 | FY26 interim dividends | Board decision on May 12, 2026 |
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5 Key Factors Driving ICRA Q4 FY26 Performance
1. Revenue Growth Momentum
Core business tracking sector recovery. Seasonal demand and year-end procurement support revenue.
2. Operating Leverage
Revenue growth above fixed cost base translates to EBITDA margin improvement.
3. Market Share
Gains in primary segments add incremental volume beyond sector growth.
4. Management FY27 Guidance
Q4 includes first formal FY27 outlook — key re-rating catalyst.
5. Balance Sheet
Q4 generates strongest operating cash flow — signals debt reduction or reinvestment direction.
5 Risks to Watch in ICRA Q4 FY26
Risk 1: Input Cost Volatility
Raw material and input cost changes can compress margins unexpectedly.
Risk 2: Revenue Concentration Risk
Customer or geographic concentration creates quarterly variance.
Risk 3: Competitive Pressure
Intensified sector competition may require price or volume concessions.
Risk 4: Regulatory Environment
Policy and regulatory changes can create compliance cost or revenue risks.
Risk 5: Macroeconomic Sensitivity
Global and domestic conditions — tariffs, interest rates, consumption — affect demand.
ICRA Share Price and Analyst Ratings

| Parameter | Value |
| CMP (April 2026) | Rs 5,200 |
| 52-Week High | Rs 7,500 |
| 52-Week Low | Rs 4,600 |
| 1-Year Return | -30% |
| Market Cap | Rs 6,200 Cr |
| Sector | Credit Rating Agency |
| NSE Ticker | ICRA |
| Q4 Results Date | May 12, 2026 |
| Brokerage | Rating | Thesis Summary |
| Motilal Oswal | BUY | Q4 recovery potential; sector tailwinds intact |
| YES Securities | ADD | Earnings inflection expected; FY27 guidance key |
| Kotak Institutional | NEUTRAL | Fair valued at current levels; execution key |
Conclusion
ICRA Q4 FY26 results on May 12, 2026 will be the most important quarterly event of FY26. At Rs 5,200 — down -30% from its 52-week high of Rs 7,500 — the stock has already priced in significant headwinds. Revenue above Rs 185 Cr with EBITDA 38% would constitute a beat versus analyst consensus. Management’s FY27 guidance is the primary re-rating catalyst that determines whether the current level represents an entry opportunity.
Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All data sourced from publicly available information. Verify before investing. Consult a SEBI-registered financial advisor before making investment decisions.
For more Q4 FY26 results previews, visit Univest Blogs.
Frequently Asked Questions
Q: When is ICRA Q4 results 2026 date?
ICRA Q4 FY26 results date is May 12, 2026. The board will approve the audited Q4 and full-year FY26 financial results, consider a final dividend, and provide FY27 guidance.
Q: What is ICRA Q4 FY26 revenue estimate?
Analyst consensus Q4 FY26 revenue estimate for ICRA is Rs 185 Cr. Q3 FY26 actual revenue was Rs 165 Cr. Actual results may differ based on operating conditions.
Q: What is ICRA share price ahead of Q4 results?
ICRA trades at Rs 5,200 as of April 2026. 52-week high is Rs 7,500; 52-week low is Rs 4,600. 1-year return is -30%. Market cap is Rs 6,200 Cr.
Q: Will ICRA declare a dividend in Q4 2026?
ICRA is expected to declare Rs 60 as final dividend for FY26, subject to board approval on May 12, 2026 and subsequent AGM shareholder approval.
Q: Which analysts have a Buy rating on ICRA?
Motilal Oswal has a BUY rating and YES Securities has an ADD rating on ICRA based on publicly available research. Check the Univest Screener for the latest analyst ratings.
Q: What were ICRA Q3 FY26 results?
ICRA reported Q3 FY26 revenue of Rs 165 Cr and PAT of Rs 62 Cr. The Q4 FY26 results on May 12, 2026 provide the full-year FY26 comparison and first FY27 guidance.
Q: When do TCS and Infosys announce Q4 results 2026?
TCS declared Q4 FY26 results on April 9, 2026. HCL Technologies declared on April 22. HDFC Bank declared on April 19. Infosys Q4 FY26 results are scheduled for April 23, 2026.
Q: Is ICRA a good investment ahead of Q4 results?
This article does not constitute investment advice. ICRA trades at Rs 5,200 — down -30% from its peak. Analyst consensus Q4 revenue estimate is Rs 185 Cr and PAT estimate is Rs 68 Cr. Review the five factors and five risks above. Consult a SEBI-registered financial advisor before investing.
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