CARE Ratings

CARE Ratings delivered a strong FY26 with consolidated revenue of ₹473.07 croreCurrent reported value: ₹473.07 crore. No comparable prior figure is available in the source record. (+18Current reported value: 18. No comparable prior figure is available in the source record.% YoY) and PAT of ₹173.69 croreCurrent reported value: ₹173.69 crore. No comparable prior figure is available in the source record. (+24Current reported value: 24. No comparable prior figure is available in the source record.% YoY), driven by broad-based growth across domestic ratings (+15%), non-ratings (+19%), and international operations. The ratings segment benefited from buoyant bank loan growth (16.1% YoY) offsetting a soft bond market. Non-ratings crossed ₹50 crore revenue, with analytics subsidiary Capital achieving breakeven. Management highlighted 60%Current 60%. Reported change: Of employees actively using enterprise AI tools. AI tool adoption and a disciplined inorganic strategy. FY27 GDP growth is projected at 6.7% assuming $90/bbl oil, with risks from prolonged West Asia conflict and potential moderation in corporate borrowing. Key risk: escalation of geopolitical tensions could dampen credit demand and delay capital expenditure plans.