Care Ratings Ltd · NSE:CARERATING
Care Ratings — Q3 FY2023 Earnings Presentation
19 slides from Care Ratings's earnings presentation, Jan 28, 2023
Slide 1: Exchange cover letter: press release and investor presentation
Date: January 28, 2023 SE/2022-23/105 To, The General Manager The National Stock OF 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 Scri
Slide 2: Press Release: Financial Results for Q3 & 9MFY23
Press Release Financial Results for Q3 & 9MFY23 January 28, 2023 The Board of Directors of CARE Ratings Limited approved the financial results for Q3 & 9MFY23 in the Board meeting held on January 28, 2023. The growth in the rating revenue in Q3 & 9MFY23 was led by a robust increase in initial rating
Slide 3: Investor Presentation Q3 & 9MFY23
Investor Presentation Q3 & 9MFY23 January 28, 2023 All Rights Reserved © 2023 | CARE Ratings Limited
Slide 4: Contents
CONTENTS 1. About Us 3-4 2. Financial Results – Q3 & 9M FY23 5-8 3. Outreach Activities 9-10 4. State of the Economy 11-14 All Rights Reserved © 2023 | CARE Ratings Limited
Slide 5: About Us
(100%) (100%) (78%) (51%) 3 Q3 & 9M 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 – Q3 FY23 (Standalone)
Financial Performance – Q3 FY23 (Standalone) 12% 18% 54… 65.58 48.65 55.45 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Revenue from operations (Rs. Cr.) Total Income (Rs. Cr.) 41% 33% 49% 22.25 44% 21.40 14.93 14.90 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 EBITDA (Rs. Cr.) EBITDA Margin PAT (Rs. Cr.) PAT Margin 5 Q3 & 9
Slide 8: Financial Performance – 9M FY23 (Standalone)
Financial Performance – 9M FY23 (Standalone) 13% 180.79 15% 207.77 159.73 180.7 9M FY22 9M FY23 9M FY22 9M FY23 Revenue from operations (Rs. Cr.) Total Income (Rs. Cr.) 48% 38% 50% 85.96 40% 77.95 55.55 57.25 9M FY22 9M FY23 9M FY22 9M FY23 EBITDA (Rs. Cr.) EBITDA PAT (Rs. Cr.) PAT Margin Margin 6 Q
Slide 9: Financial Performance – Q3 FY23
Financial Performance – Q3 FY23 Rs. in Crore Standalone Consolidated Particulars % Change % Change Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Total Income 65.58 55.45 18% 73.73 62.96 17% Total Expenses 38.30 35.60 8% 51.06 43.19 18% Profit Before Tax (PBT) 27.29 19.85 37% 22.67 19.77 15% Provision for Tax 5.89
Slide 10: Financial Performance – 9M FY23
Financial Performance – 9M FY23 Rs. in Crore Standalone Consolidated % Particulars % Change 9M FY23 9M FY22 9M FY23 9M FY22 Change Total Income 207.77 180.70 15% 229.05 201.77 14% Total Expenses 104.78 107.90 (3%) 137.39 130.53 5% Profit Before Tax (PBT) 29% 102.99 72.80 41% 91.66 71.24 Provision fo
Slide 11: Outreach Activities
Outreach Activities Reports & Knowledge Sharing Forums: CareEdge senior leaders, economics and sector specialists teams participated in 30 knowledge-sharing forums Publications: in Q3. CareEdge launches Highlights: FORESIGHTS - a power- packed monthly publication • CareEdge, in association with the
Slide 12: Outreach Activities
Outreach Activities Knowledge Sharing Forums: Webinar Media • Corporate India: Steady ship in turbulent • Sachin Gupta, Chief Rating Officer – Speaker at waters? CareEdge reports, ACRAA Annual Meet in Manila - What are we • Indian Airports - Smooth Runway Post Pandemic Rating? Is probability Default
Slide 13: Fund Raising shows mixed performance
Fund Raising shows mixed performance CP Issued Bond Issuances 18 16.6 7 16 6 5.7 14 5 4.7 Rs Lakh Crore Rs lakh Crore 12 10.5 10 4 8 3 6 2 4 2 1 0 0 April-December 21 April-December 22 April-December 21 April-December 22 Source: CEIC Source: Prime database • Issuances of commercial paper (CPs) decli
Slide 14: Bank Credit Continues to Register Healthy Growth
Bank Credit Continues to Register Healthy Growth Bank Credit Growth Credit Growth of Industry and Services 10 12.0 8.9 9.9 9 10.0 8 8.0 7 6.0 4.4 6 4.0 % 5 % 2.0 4 0.0 3 1.9 -2.0 -0.7 2 -1.5 -4.0 1 Nov 21 vs Mar 21 Nov 22 vs Mar 22 0 Nov 21 vs Mar 21 Nov 22 vs Mar 22 Industry Services Note: Data til
Slide 15: Indian Economy Shows Resilience Despite Global Headwinds
Indian Economy Shows Resilience Despite Global Headwinds GDP growth Consumption and Investment as % of GDP 10 7.0 70 8 60 56.1 55.8 56.1 56.9 57.3 56.9 57.2 Growth (%y-o-y) 6 50 4 2 40 33.9 30.8 31.1 32.4 31.8 30.5 32.5 % 0 30 -2 20 -4 -6 10 -8 0 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY17 FY18 FY19 FY2
Slide 16: Industrial Production Improves
Industrial Production Improves 25 Growth in IIP Purchasing Manager Index 20 70 15 60 50 (YoY %) 10 7.1 40 5 30 20 0 10 -5 0 Jan-22 Feb-22 Jul-22 Oct-22 Dec-22 Jul-21 Oct-21 Dec-21 Apr-22 Nov-22 Nov-21 Jun-22 Aug-22 Aug-21 Mar-22 Sep-21 May-22 Sep-22 -10 Jan-22 Feb-22 Jul-22 Oct-22 Apr-22 Nov-22 Jun-
Slide 17: Inflation Moderates
Inflation Moderates CPI Moderates; Core Inflation Sticky Share of Food Inflation to Overall Inflation Eases 9 9 Percentage Points 8 8 7 6.2 7 6 6 5 5 4 % 4 5.7 3 3 2 2 1 1 0 Jan-22 Feb-22 Oct-22 Dec-22 Jul-21 Oct-21 Dec-21 Jul-22 Apr-22 Apr-21 Nov-22 Nov-21 Jun-22 Jun-21 Aug-21 Mar-22 Aug-22 May-22
Slide 18: Yields Range Bound; Volatility in Rupee Continues
Yields Range Bound; Volatility in Rupee Continues 10-Year G-Sec Yields USD/INR 8 84 82 7.5 80 USD/INR 7 78 % 6.5 76 6 74 5.5 72 Feb-22 Oct-22 Dec-22 Jan-22 Feb-22 Jul-22 Oct-22 Dec-22 Jan-23 Oct-21 Dec-21 Apr-22 Apr-22 Apr-21 Nov-22 Jun-22 Jun-22 Jun-21 Aug-22 Mar-22 Aug-22 Aug-21 May-22 Sep-22 Sour
Slide 19: 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