Care Ratings Q4 PAT up 16% to Rs 41 crore

Care Ratings today reported a 16 per cent rise in net profit at Rs 41.3 crore in the fourth quarter ended on March 31.
The city-based rating agency had posted a post-tax profit of Rs 35.60 crore in corresponding period last year.
In the quarter under review, total income from operations rose 17 per cent to Rs 83.6 crore from Rs 71.4 crore in the same period previous year, Care Ratings said.
Pre-tax profit increased 14 per cent to Rs 59.1 crore up from Rs 51.9 crore a year ago.
For the entire fiscal (FY14), the rating outfit's net profit was up 13.5% to Rs 128.6 crore.

During FY14, a growth in the number of rating assignments to 7,865 from 7,439 resulted in a 15 growth in the company's core rating income, while the same was up 19.6 per cent in the last quarter.
Its profit margins, however, showed a contraction in the fiscal. The pre-tax margin narrowed to 68.8 per cent from 71.5 per cent in the year ago, while the net profit margin came in at 48.5 per cent, marginally lower than 49.8 per cent in the last fiscal.
The company scrip ended up 4.88 per cent at Rs 886 a piece on the BSE, whose 30-share benchmark today gained 0.06 per cent.