Care Ratings today said its net profit in third quarter ended December 2014 came down by 6.3 per cent to Rs 26.24 crore.
"The company has posted a net profit of Rs 26.24 crore for the quarter ended December 31, 2014 as compared to Rs 28.02 crore for the quarter ended December 31, 2013," it said in a filing to BSE.
Total income of the company increased to Rs 65.26 crore for the quarter ended December 31, 2014 from Rs 60.55 crore for the quarter ended December 31, 2013.
Commenting on the performance, Care Ratings, MD & CEO, D R Dogra said: "While the economy has shown signs of turning around, we have yet to see a pick-up in bank credit which really reflects the state of industry.
"Our performance is driven a lot by new business which is dependent on growth in overall investment climate in the economy."
He said despite a positive market sentiment, the year could end on a subdued note for Care Ratings.
Care Ratings scrip closed 1.14 per cent higher at Rs 1,618.60 apiece on BSE.
