ICRA Declares Rs 105 Dividend Despite Profit Dip, Revenue Grows

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AuthorVihaan Mehta|Published at:
ICRA Declares Rs 105 Dividend Despite Profit Dip, Revenue Grows
Overview

ICRA Ltd., an affiliate of Moody's, announced a final dividend of Rs 105 per share, including a special payout of Rs 35. The company reported a 6% year-on-year dip in net profit to Rs 52.5 crore, but revenue increased by 29% to Rs 174.9 crore. The record date for the dividend is July 23, with payments by August 21.

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ICRA Ltd. has announced a significant final dividend of Rs 105 per share, which includes a special payout of Rs 35. Eligible shareholders will be identified by the record date of July 23, with payments expected to begin by August 21.

Financial Performance
The dividend declaration coincides with mixed financial results. ICRA's net profit decreased by 5.9% year-on-year to Rs 52.5 crore from Rs 55.7 crore in the prior fiscal year. However, the company achieved strong top-line growth, with revenue climbing 28.4% to Rs 174.9 crore from Rs 136.2 crore. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) also rose by 17.6% to Rs 69.5 crore, up from Rs 59.1 crore. Despite this revenue growth, the Ebitda margin narrowed to 39.8% from 43.4%.

Market Trading
On Thursday, ICRA's share price increased by 0.77% to close at Rs 5,461.50. This performance was stronger than the Nifty 50 index, which saw a slight decline of 0.02%.

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Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.