Icra net up over two-fold at Rs 8.15 cr

Rating agency Icra today reported an over two-fold increase in net profit at Rs 8.15 crore for the quarter ended June 30.

The company had posted a net profit of Rs 3.99 crore in the corresponding quarter last fiscal.

Icra, an associated of global rating agency Moody's, said its income during the quarter was at Rs 32.02 crore as against Rs 27.12 crore in the year-ago period, the company said in a release.

Icra attributed the rise in revenues to the increase in debt ratings, structured finance ratings and public finance ratings.

It added the numbers also include that of its newly acquired Techno Analytics with an equity stake of 50.1%.