Care Ratings Ltd · NSE:CARERATING
Care Ratings — Q4 FY25 Earnings Presentation
24 slides from Care Ratings's earnings presentation, May 2025
Slide 1: CARE Ratings Limited Investor Presentation Q4 & FY25
CARE Ratings Limited Investor Presentation Q4 & FY25
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by CARE Ratings Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 3: Macro-Economic
Macro-Economic
Slide 4: Lead Indicators: GST Collections, E-Way Bills & PMI
Lead Indicators: GST Collections, E-Way Bills & PMI 2.5 GST Collections & E-way Bills Generation 14 65 Manufacturing & Services PMI 12 2.0 60 10 Rs Lakh Crore 1.5 55 8 Crore 1.0 6 50 4 0.5 45 2 40 0.0 0 Aug-24 Jan-25 May-24 Jun-24 Nov-24 Sep-24 Dec-24 Apr-25 Apr-24 Oct-24 Mar-25 Feb-25 Jul-24 Apr-24
Slide 5: Fundraising Activity in the Economy
Fundraising Activity in the Economy 12 Corporate Bond Issuances* 11.0 Commercial Paper Issuances (Rs. Lakh Crore) 10.4 (Rs. Lakh Crore) 10 18 15.7 16 8 13.8 14 12 6 10 8 4 3.0 3.0 6 4.4 3.8 2 4 2 0 0 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 Source: Prime database; Data Extracted on 12th M
Slide 6: Bank Credit Offtake
Bank Credit Offtake Credit Growth in Industry & Services Industrial Credit Growth Mar-FY24 Mar-FY25 Mar-FY24 Mar-FY25 25 23.5 20 18.6 18 20 16 14.7 14 13.3 15 12 Y-o-Y % Y-o-Y % 12.4 10 9.0 10 8.5 7.8 8 6.4 6.2 6 5 4 2 0 0 Industry (22.7) Services (29.8) Micro & Small (20.1) Medium (9.2) Large (70.7
Slide 7: Centre to Maintain Emphasis on Capex in FY26
Centre to Maintain Emphasis on Capex in FY26 Growth in Gross Fixed Capital Formation Centre’s Capex (% GDP) 20 3.5 3.2 3.1 3.1 17.5 3.0 2.7 15 2.5 11.2 2.5 8.8 2.1 10 8.5 6.1 2.0 Y-o-Y % 1.6 1.7 5 1.5 1.2 0 1.0 0.5 -5 0.0 -7.1 FY19 FY20 FY21 FY22 FY23 FY24 (A) FY25 FY26 -10 FY19 FY20 FY21 FY22 FY23
Slide 8: CareEdge Ratings' stability rates Vs industry average
CareEdge Ratings’ stability rates Vs industry average (in %) Average One-Year Stability rates for the 5 Financial Years' Period * 98.2 99.1 100 94.3 96.1 100 91.9 91.9 91.0 90.9 89.1 89.1 79.8 78.7 80 80 60 60 40 40 20 20 0 0 AAA AA A BBB BB B 2020-2024 2021-2025 Average (FY21-25) * Source: Data pub
Slide 9: Financials
Slide 10: Standalone: Q4 & FY25 Key Highlights
Standalone: Q4 & FY25 Key Highlights REVENUE FROM EBITDA & EBITDA PAT & PAT Margin % Earning Per Share OPERATIONS Margin % Rs. 336.7 Crs Rs. 155.2 Crs Rs. 147.9 Crs FY25 Rs. 49.49 YoY YoY YoY 19% 22% 24% Margin : 46 % Margin : 38 % Rs. 91.2 Crs Rs. 45.8 Crs Rs. 44.9 Crs Q4FY25 Rs. 15.00 YoY YoY YoY
Slide 11: Consolidated: Q4 & FY25 Key Highlights
Consolidated: Q4 & FY25 Key Highlights REVENUE FROM EBITDA & EBITDA PAT & PAT Margin % Earning Per Share OPERATIONS Margin % Rs. 402.3 Crs Rs. 155.3 Crs Rs. 140.0 Crs FY25 Rs. 45.89 YoY YoY YoY 21% 39% 37% Margin : 39 % Margin : 31 % Rs. 109.7 Crs Rs. 47.4 Crs Rs. 43.4 Crs Q4FY25 Rs. 14.24 YoY YoY Y
Slide 12: Consolidated: Segmental Contribution
Consolidated: Segmental Contribution FY25 Revenue Break-up 10.5% 89.5% Ratings Business Non-Ratings Business Rs. 360.1 Crs Rs. 42.2 Crs RATINGS YoY NON-RATINGS YoY BUSINESS 21 % BUSINESS 27 % 12
Slide 13: About Us
Slide 14: About Us: CareEdge Group
About Us CareEdge Group CARE Ratings Limited (Parent Company) Subsidiaries 100% 100% 100% 78% 51% CARE Analytics CARE CARE Ratings CARE Ratings CareEdge Global and Advisory ESG Ratings Limited (Africa) Nepal Limited IFSC Limited Private Limited Private Limited 100% CARE Ratings South Africa (Pty) Lt
Slide 15: Ratings
Slide 16: Overall Ratings Business
Overall Ratings Business CareEdge Ratings – India ▪ Incorporated in 1993, India’s second largest credit rating agency licensed by SEBI & accredited by RBI ▪ Strong position across BFSI, Infrastructure & Corporate sector ratings CareEdge Global IFSC Limited (Subsidiary of CARE Ratings Ltd. with 100%
Slide 17: Non Ratings
Slide 18: CARE Analytics and Advisory Private Limited (CAAPL)
CARE Analytics and Advisory Private Limited (CAAPL) Advisory Services Analytics Services Advisory & Consulting Practice Sustainability Practice Risk Consulting Digital Banking Solutions • Bespoke Consulting • ESG Strategy and Integration • Valuation Services • Customer Journey • Green/Social Bond SP
Slide 19: Outreach Activities – Q4FY25 - Summary
Outreach Activities – Q4FY25 - Summary For Q4 For Growth FY25 FY25 For FY25 Reports Published 94 333 1.2% Webinars 12 28 7.6% Knowledge Sharing & Speaker Forums 14 127 15.4% Media coverages 2,071 6,828 195.0% Opinion pieces published in Media 10 46 76.9% TV interviews 8 26 52.9% Individual Interacti
Slide 20: Outreach Activities: Q4 FY25
Outreach Activities: Q4 FY25 CareEdge as Knowledge Partner CareEdge Global along with CareEdge Ratings hosted CareEdge Global along with CareEdge Ratings associated CareEdge Advisory was the IFSCA and INDIA INX hosted 'Charcha’, focusing on IFSCA and INDIA INX hosted as a Knowledge Partner with know
Slide 21: Outreach Activities: Q4 FY25
Outreach Activities: Q4 FY25 Knowledge Sharing Forums & Speaker Invitations 21
Slide 22: Together for a Better Tomorrow
Together for a Better Tomorrow 3,150+ 1200+ 600+ 23% Children supported through Patients supported through Women supported through The CSR budget supports Defence Healthcare projects providing Essential healthcare services Healthcare kits for expectant personnel and their families, such Paediatric c
Slide 23: Contact Us
Contact Us Company : Investor Relations Advisors : CARE Ratings Limited Strategic Growth Advisors Private Limited CIN: L67190MH1993PLC071691 CIN: U74140MH2010PTC204285 Ms. Ami Parekh / Mr. Chaitanya Satwe investor.relations@careedge.in ami.parekh@sgapl.net / chaitanya.satwe@sgapl.net +91 80824 66052
Slide 24: About Us
About Us CareEdge is a knowledge-based analytical group offering services in Credit Ratings, Analytics, Consulting and Sustainability. Established in 1993, the parent company CARE Ratings Ltd (CareEdge Ratings) is India’s second-largest rating agency, with a credible track record of rating companies