Icra Limited · NSE:ICRA
Icra — Q2 FY20 Earnings Presentation
17 slides from Icra's earnings presentation, Oct 24, 2019
Slide 1: Investor Presentation, Q2 FY20 (filing cover letter)
ICRA ICRA Limited October 24, 2019 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. C/l, G Block Mumbai 400 001, India Bandra-Kurla Complex Scrip Code: 532835 Bandra (East) Mumbai - 400 051, India Symbol: IeRA Dear Sir/Madam, Sub: -
Slide 2: Investor Presentation, Q2 FY20
Investor Presentation, Q2 FY20 October 24, 2019
Slide 3: ICRA Group Structure
ICRA A MOODY'S INVESTORS ICRA Group Structure see conva ICRA \ ICRA Lanka 2
Slide 4: Performance Review: ICRA Limited
Performance Review: ICRA Limited
Slide 5: Operating Environment
Operating Environment • Bank credit grew by 8.7% y-o-y during Q2FY20. NBFC and retail segments continue to remain key drivers of credit growth. • Bond issuances witnessed a growth of 7.4% y-o-y during Q2FY20, driven by public sector undertakings (PSUs) whereas private sector issuance continue to dec
Slide 6: Standalone: Financial Highlights
ICRA Standalone: Financial Highlights • For the quarter ended September 30, 2019 the Company’s operating income was ₹50.9 crore, as against ₹56.5 crore in the corresponding quarter of the previous financial year. The decline in operating revenue mainly reflects the subdued demand for funding from th
Slide 7: Standalone: Financials
ICRA Standalone: Financials Standlone Particulars (Rs. Crore) FY 19 FY 20 Variance Variance FY 19 FY 20 Variance Variance Q2 Q2 Rs % H1 H1 Rs % Income Revenue from operations 56.5 50.9 (5.5) -9.8% 113.0 102.3 (10.7) -9.5% Other income 15.6 10.5 (5.1) -32.5% 24.4 20.6 (3.8) -15.4% Total income 72.0 6
Slide 8: Standalone: Profit & Loss (Quarterly Performance)
ICRA Standalone: Profit & Loss (Quarterly Performance) 50% 115.0 41.0% 42.2% 38.5% 40.6% 105.0 41.0% 40% 32.8% 95.0 38.4% 40.8% 26.8% 85.0 35.2% 30% 75.0 28.6% ₹ Crores 59.2 57.9 19.1% 20% 65.0 56.5 56.5 51.4 50.9 55.0 10% 45.0 35.0 0% 37.5 41.2 25.0 33.4 34.8 35.1 36.7 -10% 15.0 5.0 -20% PY Q1 PY Q
Slide 9: ICRA: Investments as on Sep 30, 2019
ICRA: Investments as on Sep 30, 2019 ICRA Investments Standalone (₹ 557.5 Cr) ICRA Investments Group (₹ 652.8 Cr) Mutual Funds & Mutual Funds & Equities, Equities , ₹ 23.6 Corporate ₹23.6 Corporate Deposits, Deposits & ₹77.5 others, ₹ 77.5 Fixed Fixed deposits and deposits and Bank Bank balances, ba
Slide 10: ICRA: Challenges and Risk Factors
ICRA: Challenges and Risk Factors • Despite several policy measures, investment activity yet to show a meaningful revival • Adverse yield movement • Ease of access and relative cost economics of overseas funding alternatives • Adverse changes in regulations • Reputation related risks • Competitive p
Slide 11: Performance Review: ICRA Group
Performance Review: ICRA Group
Slide 12: Group: Financial Highlights
ICRA Group: Financial Highlights • For the quarter ended September 30, 2019, revenue from operations was ₹ 77.6 crore, as against ₹ 81.1 crore in the corresponding quarter of the previous financial year, reflecting a de-growth of 4.2%. • The other income in the quarter increased by 1.9% as compared
Slide 13: Group: Consolidated Financials
ICRA Group: Consolidated Financials ICRA Consolidated Particulars (Rs. crores) FY 19 FY 20 Variance Variance FY 19 FY 20 Variance Variance Q2 Q2 Rs % H1 H1 Rs % Income Revenue from operations 81.1 77.6 (3.4) -4.2% 159.7 154.7 (5.1) -3.2% Other income 11.9 12.1 0.2 1.9% 22.2 23.8 1.6 7.3% Total incom
Slide 14: Group: Profit & Loss (Quarterly Performance)
ICRA Group: Profit & Loss (Quarterly Performance) 130.0 50% 120.0 35.7% 36.7% 33.5% 36.7% 40% 110.0 30.8% 35.8% 27.6% 100.0 35.2% 33.2% 30% 32.0% 29.5% 23.6% 90.0 84.7 83.7 81.1 ₹ Crores 78.7 77.0 77.6 20% 80.0 70.0 10% 60.0 0% 50.0 59.3 53.9 54.3 55.9 54.6 -10% 40.0 50.5 30.0 -20% PY Q1 PY Q2 PY Q3
Slide 15: Group: Segment-wise Composition
ICRA Group: Segment-wise Composition Q2 FY 19 FY 19 Q2 FY 20 FY 20 Revenue Composition * Rs. Cr % Rs. Cr % Ratings 57.1 70.0% 52.5 66.7% Consultancy 5.1 6.2% 5.1 6.5% Outsourced and Information Services 19.5 23.8% 21.2 26.8% Total Operating Income 81.6 100.0% 78.8 100.0% Q2 FY 19 FY 19 Q2 FY 20 FY 2
Slide 16: ICRA Group: Consulting, Outsourcing and Subsidiary Merger
ICRA Group Consulting Services • Operating revenue of consulting business was up by 1.4% y-o-y in Q2FY20 as the inflow of mandate was better against the corresponding quarter. Lower provisioning on account of legacy projects has led to a reduction in losses. Outsourcing and Information Services • Op
Slide 17: Disclaimer
Disclaimer This Investor Presentation contains certain forward-looking statements (including expectations and plans) that may be identified by words, phrases, or expressions such as “expected”, “likely”, “will”, “would”, “continue”, “intend to”, “in future”, “opportunities” or their variations. Thes