Icra Ltd on Friday said its net profit for the December quarter declined 32 per cent to Rs 10.52 crore from Rs 15.51 crore a year ago. Operating income grew four per cent to Rs 38.45 crore, from Rs 36.96 crore a year earlier. “The growth in operating revenue was mainly led by debt ratings besides NSIC/SME business ratings, whereas bank loan ratings remained subdued during the period,” it said.
Total income declined six per cent to Rs 39.20 crore, from Rs 41.52 crore because of lower other income during the period.
Profit during April-December stood at Rs 32.89 crore, up 16 per cent from Rs 28.30 crore in the year-ago period. For the nine months ended December 31, its operating income stood at Rs 102.30 crore, as against Rs 96.05 crore in the nine months of 2011-12, a rise of seven per cent.
Shares of the company on Friday ended at Rs 1,433 apiece on the BSE, up 1.54 per cent from the previous close.
