Standalone figures · ₹ crore · years without a filed annual are summed from quarters
| ₹ Cr | Mar 2020 | Dec 2020 | Mar 2021 | Dec 2021 | Mar 2022 | Dec 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Mar 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,188 | 889 | 924 | 1,053 | 1,095 | 1,444 | 1,455 | 1,628 | 1,650 | 1,665 | 1,669 | 1,797 | |
| Interest | — | 7 | 7 | 6 | 5 | 6 | 5 | 3 | 3 | 3 | 8 | 19 |
| Expenses | 897 | 705 | 719 | 824 | 867 | 1,202 | 1,204 | 1,290 | 1,318 | 1,414 | 1,432 | 1,496 |
| Financing profit | — | 177 | 198 | 223 | 222 | 237 | 246 | 335 | 329 | 248 | 230 | 282 |
| Financing margin % | — | 19.9% | 21.4% | 21.2% | 20.3% | 16.4% | 16.9% | 20.6% | 20% | 14.9% | 13.8% | 15.7% |
| Other income | 157 | 107 | 222 | 336 | 249 | 273 | 277 | 495 | 466 | 501 | 576 | 503 |
| Depreciation | 38 | 66 | 63 | 53 | 52 | 68 | 64 | 67 | 60 | 43 | 53 | 78 |
| Exceptional items | — | 0 | 0 | 46 | 46 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 408 | 218 | 321 | 552 | 465 | 442 | 459 | 763 | 735 | 705 | 753 | 707 |
| Tax | 111 | 52 | 54 | 75 | 82 | 71 | 70 | 95 | 97 | 90 | 87 | 92 |
| Tax % | 27.3% | 23.6% | 16.8% | 13.6% | 17.6% | 16.2% | 15.3% | 12.5% | 13.1% | 12.7% | 11.6% | 13% |
| PAT | 296 | 167 | 267 | 477 | 383 | 371 | 389 | 668 | 639 | 616 | 666 | 615 |
| EPS (₹) | 41 | 23 | 36.8 | 65.6 | 52.6 | 50.8 | 53.3 | 91.4 | 87.4 | 84.2 | 91 | 84.1 |
| EPS adjusted (₹) | 40.8 | 23 | — | 65.4 | — | 50.7 | — | 91.4 | — | 84.3 | — | 84.1 |
| 80.5% | 143.5% | 111.5% | 70.2% | 89.4% | 94.6% | 99.5% | 59.1% | 29.8% | 66.5% | 61.5% | 72.5% | |
| Annual report | Annual report for Mar 2020 | Annual report for Dec 2020 | Annual report for Mar 2021 | Annual report for Dec 2021 | Annual report for Mar 2022 | Annual report for Dec 2022 | Annual report for Mar 2023 | Annual report for Dec 2023 | Annual report for Mar 2024 | Annual report for Dec 2024 | Annual report for Mar 2025 | Annual report for Dec 2025 |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 787 | 805 | 802 | 752 | 688 | — | 1,023 | 1,063 | 1,483 | 1,779 | 2,019 |
| — | — | — | — | — | — | 0 | 0 | 0 | 42 | 0 | |
| 216 | 305 | 322 | 353 | 644 | — | 469 | 542 | 554 | 775 | 858 | |
| Total equity & liabilities | 1,010 | 1,116 | 1,131 | 1,112 | 1,339 | — | 1,498 | 1,612 | 2,044 | 2,603 | 2,884 |
| 59 | 51 | 49 | 39 | 39 | 171 | 185 | 153 | 119 | 195 | 195 | |
| CWIP | — | — | — | — | — | — | — | 0 | 0 | 1 | 0 |
| Investments | 547 | 644 | 659 | 636 | 672 | — | 644 | 666 | 995 | 1,263 | 1,086 |
| 404 | 421 | 423 | 437 | 628 | — | 669 | 794 | 929 | 1,145 | 1,603 | |
| Total assets | 1,010 | 1,116 | 1,131 | 1,112 | 1,339 | — | 1,498 | 1,612 | 2,044 | 2,603 | 2,884 |
As reported in NSE results XBRL. Segment result is before tax and finance costs.
Latest reported period · 31 Dec 2019 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities |
|---|---|---|---|---|
| Research Services | 633.87 | 92.16 | — | 129.6 |
| Rating Services | 544.81 | 218.78 | — | 142.62 |
₹ crore by fiscal year
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 274 | 279 | 265 | 387 | 387 | -118 | 189 | 281 | 320 | 236 | |
| -76 | -79 | -18 | -119 | -119 | 396 | 125 | 148 | 103 | 205 | |
| -176 | -195 | -224 | -242 | -242 | -273 | -355 | -397 | -435 | -455 | |
| Net cash flow | 21 | 5 | 24 | 26 | 26 | 5 | -41 | 32 | -12 | -14 |
| Free cash flow | — | — | — | — | 361 | -134 | 159 | 252 | 181 | 197 |
| CFO / Operating profit % | — | — | — | 133% | 210.7% | -51.6% | 77.9% | 83.2% | 127.6% | 78.5% |