Domestic rating agency Icra Thursday reported 5.2 per cent decline in consolidated net profit at Rs 26.10 crore for the quarter ended March 2019.
The company had posted a net profit of Rs 27.55 crore in the same quarter last year.
Total income during the quarter also declined to Rs 95.19 crore from Rs 99.65 crore in the year-ago period, Icra said in a regulatory filing.
Meanwhile, the board of directors of the company recommended a dividend of Rs 30 per equity share for the financial year ended March 31, 2019, the company said in the statement.
The board had approved the merger of two of its wholly-owned subsidiaries - ICRA Management Consulting Services Limited, involved in consulting services, with ICRA Online Limited, which is involved in outsourcing and information services, subject to requisite approvals, it said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app