Care Ratings Ltd · NSE:CARERATING
Care Ratings — Q2 FY23 Earnings Presentation
18 slides from Care Ratings's earnings presentation, Nov 8, 2022
Slide 1: Exchange filing cover letter
Date: November 8, 2022 SE/2022-23/71 To, The General Manager The National Stock Exchange India Ltd. Corporate Relation Department Listing Department BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex 14th Floor, Dalal Street Bandra (East) Mumbai 400 001 Mumbai 400 051 Scrip Co
Slide 2: Press Release: Financial Results for Q2 & H1 FY23
Press Release Financial Results for Q2 & H1FY23 November 8, 2022 The Board of Directors of CARE Ratings Limited approved the financial results for Q2 FY23 in the Board meeting held on November 8, 2022. State of the Economy Although, GDP growth accelerated to 13.5% y-o-y in Q2 FY23; the growth was a
Slide 3: Investor Presentation Q2 & H1 FY23
Investor Presentation Q2 & H1 FY23 November 08, 2022 All Rights Reserved © 2022 | CARE Ratings Limited
Slide 4: Contents
CONTENTS 1. About Us 3-4 2. Financial Results – Q2 & H1 FY23 5-8 3. Outreach Activities 9-10 4. State of the Economy 11-15 All Rights Reserved © 2022 | CARE Ratings Limited
Slide 5: CareEdge Group
CareEdge Group CARE Ratings Limited CARE Risk CARE Advisory CARE Ratings CARE Ratings Solutions Private Research & (Africa) Private Nepal Limited Limited Training Limited Limited (51%) (100%) (100%) (78%) 3 Q2 & H1 FY23 l Private & Confidential – CARE Ratings Limited
Slide 6: Strategy, Vision and Mission
STRATEGY Group Approach: Vision Synergize multiple offerings with a singular thrust A global research & analytics company that enables risk mitigation and superior decision making Technology: Drive digital transformation in ratings business and enhance Mission product quality To provide best-in-clas
Slide 7: Financial Performance – Q2 FY23 (Standalone)
Financial Performance – Q2 FY23 (Standalone) 77.5 86.1 12% 14% 69.3 75.8 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Revenue from operations (Rs. Cr.) Total Income (Rs. Cr.) 58% 45% 27% 44.7 29% 38.5 35.2 29.8 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 EBITDA (Rs. Cr.) EBITDA Margin PAT (Rs. Cr.) PAT Margin 5 Q2 & H1 FY23
Slide 8: Financial Performance – H1 FY23 (Standalone)
Financial Performance – H1 FY23 (Standalone) 126.2 14% 142.2 14% 111.1 125.3 H1 FY22 H1 FY23 H1 FY22 H1 FY23 Revenue from operations (Rs. Cr.) Total Income (Rs. Cr.) 50% 40% 63.7 56.6 51% 39% 40.7 42.3 H1 FY22 H1 FY23 H1 FY22 H1 FY23 EBITDA (Rs. Cr.) EBITDA PAT (Rs. Cr.) PAT Margin Margin 6 Q2 & H1
Slide 9: Financial Performance – Q2 FY23
Financial Performance – Q2 FY23 (Rs. in Crore) Q2 FY23 compared with Q2 FY22 Standalone % Consolidated % Particulars Q2 FY23 Q2 FY22 Change Q2 FY23 Q2 FY22 Change Total Income 86.12 75.83 14% 93.23 82.29 13% Total Expenses 34.82 35.86 (3%) 45.45 44.80 1% Profit Before Tax (PBT) 51.30 39.96 28% 47.78
Slide 10: Financial Performance – H1 FY23
Financial Performance – H1 FY23 H1 FY23 compared with H1 FY22 (Rs. in Crore) Standalone Consolidated Particulars % Change % Change H1 FY23 H1 FY22 H1 FY23 H1 FY22 Total Income 1 42.1 9 1 25.25 1 4% 1 55.32 1 38.81 1 2% Total Expenses* 66.49 72.30 (8%) 86.34 87.34 (1 %) Profit Before Tax (PBT) 75.70
Slide 11: Outreach Activities
Outreach Activities Reports & Knowledge Sharing Forums: Publications: CareEdge senior management, economics, sector specialists, industry research teams along with business development leaders participated in 25 knowledge-sharing forums in Q2. The economics, ratings & industry research teams Highlig
Slide 12: Outreach Activities
Outreach Activities Knowledge Sharing Forums: CSR CareEdge won the bronze award at the National CSR Summit & • Sanjay Agarwal, Senior Director, panel speaker at a Awards – Amrit Mahotsav Series – organised by Vision India Forum discussion on ‘Outlook on NBFCs’ at IDBI Bank Large Corporate and Mid Co
Slide 13: Fund Raising Remains Subdued
Fund Raising Remains Subdued CP Issuances decline by 38.3% (YoY) in Q2 FY23 Bond Issuances marginally lower in Q2 FY23 7.0 2.5 6.2 6.0 2.3 2.1 2.1 2.0 5.0 1.9 Rs Lakh Crore Rs Lakh Crore 4.0 3.8 1.7 1.5 3.0 1.3 2.0 1.1 0.9 1.0 0.7 0.0 0.5 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Source: CEIC Source: Prime da
Slide 14: Bank Credit Continues to Improve
Bank Credit Continues to Improve Gross Bank Credit Offtake Credit to industry and Services September 2022 25 18 20.0 16 15.3 20 14 15 12 12.6 YoY% YoY% 10 10 8 6.7 6 5 1.7 1.2 4 2 0 Industry Services 0 FY22 FY23 FY22 FY23 Note: Data till September 2022, Source: RBI Source: RBI • Growth in bank credi
Slide 15: Moderation in Industrial Activity
Moderation in Industrial Activity IIP Contracts PMI's remain in the expansionary zone 25 70 19.7 60 20 50 15 40 12.7 30 YoY% 10 20 6.7 4.4 4.2 10 5 2.0 2.2 2.2 1.0 1.0 1.2 0 -0.8 0 Nov-21 Jan-22 Jun-22 Sep-21 Apr-22 May-22 Oct-21 Dec-21 Feb-22 Mar-22 Jul-22 Aug-22 -5 PMI-Manufacturing PMI-Services S
Slide 16: Inflation Remains Elevated
Inflation Remains Elevated Retail inflation above RBI's target range for the ninth CPI Inflation Broad-Based Categories month in a row 16 13.6 9 14 7.4 8 12 10.2 10.4 10 8.4 YoY% 7 7.2 8 6.4 6.1 5.9 6.2 6 6 4.6 YoY% 3.6 5 4 1.6 4 2 3 0 Miscellaneous Core Housing Fuel and Light Beverages Clothing and
Slide 17: Yields Rise & Weakening Pressure on Rupee Continues
Yields Rise & Weaking Pressure on Rupee Continues 10-Year G-Sec Yields Rise Rupee Continues to Depreciate 8 84 82 7.5 80 USD/INR 7 78 % 6.5 76 6 74 5.5 72 Nov-21 Nov-21 Jun-21 Jan-22 Jun-22 Jun-21 Jan-22 Jun-22 Apr-21 May-21 Sep-21 Apr-22 May-22 Apr-21 May-21 Sep-22 Sep-21 Apr-22 May-22 Sep-22 Oct-2
Slide 18: Thank You!
Thank You! About Us CareEdge is a knowledge-based analytical group that aims to provide superior insights based on technology, data analytics and detailed research. CARE Ratings Ltd, the parent company in the group, is one of the leading credit rating agencies in India. Established in 1993, it has a