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CARERATINGS Diversified 15 May 2026

CARE Ratings Ltd — Q4 FY26

CARE Ratings delivered a strong FY26 with consolidated revenue of ₹473.07 crore (+18% YoY) and PAT of ₹173.69 crore (+24% YoY), driven by broad-based growth across domestic rati...

bullish high
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Revenue ₹131 Cr +18%
EBITDA ₹197 Cr +27%
PAT ₹53 Cr +24%
EBITDA Margin 46%
Duration 81 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Prolonged West Asia conflict impacting oil prices

Ongoing conflict in West Asia could keep oil prices elevated, pressuring India's economy through higher energy import costs and potential moderation in corporate borrowing.

high · management_commentary
R

Softening bond market and corporate bond issuances

Corporate bond issuances declined 3.2% for FY26 and 11.3% in Q4, which could impact rating fee growth if the trend continues.

medium · data_observation
R

Inability to provide quantitative revenue split between initial and surveillance fees

Management declined to provide a quantitative split of initial vs surveillance fee growth, limiting visibility into underlying drivers.

low · analyst_question