Icra Limited · NSE:ICRA
Icra — Q3 FY2026 Earnings Presentation
14 slides from Icra's earnings presentation, Jan 28, 2026
Slide 1: ICRA Limited exchange filing cover letter
ICRA ICRA Limited January 28, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. C/1, G Block Mumbai - 400 001, India Bandra-Kurla Complex Scrip Code: 532835 Bandra (East) Mumbai - 400 051, India Symbol: ICRA Dear Sir/Madam, Sub:
Slide 2: Investor Presentation – Q3 FY 2026
Investor Presentation – Q3 FY 2026 JANUARY 2026 1
Slide 3: ICRA Insights
ICRA INSIGHTS 2
Slide 4: Macro outlook: FY2026
Macro outlook: FY2026 Real Growth Current Account FY2025: 6.5% Balance/GDP FY2026p: 7.4% CPI Inflation Fiscal Deficit/GDP FY2025: (0.6%) FY2025: 4.6% EXTERNAL ACCOUNT FY2025: 4.8% FY2026p: (0.8%) Nominal Growth FY2026p: 2.0% FY2025: 9.8% Expect status quo FY2026p: 4.4% WPI Inflation on policy rates
Slide 5: Domestic drivers to support growth, even as external outlook remains uncertain
Domestic drivers to support growth, even as external outlook remains uncertain The outlook for rural After the frontloading The imposition of steep The combination of the demand appears seen in H1 FY2026, the US tariffs has adverse GST rate rejig, sizeable upbeat in the near GoI’s capex is implicitl
Slide 6: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE 5
Slide 7: Revenue grew across businesses: Q3 and 9M FY2026
Revenue grew across businesses: Q3 and 9M FY2026 Revenue ` Profit before Tax* 35.3% 17.4% 10.9% 15.4% 163.6 424.7 61.8 184.6 361.8 55.8 159.9 120.9 Q3 FY2025 Q3 FY2026 9M FY2025 9M FY2026 Q3 FY2025 Q3 FY2026 9M FY2025 9M FY2026 ▪ Strong revenue growth in Ratings and Research & Analytics. Research &
Slide 8: Segmental performance: Q3 and 9M FY2026
Segmental performance: Q3 and 9M FY2026 Segment Revenue* ` Segment Results 35.3% 29.0% 163.6 49.0 120.9 38.0 86.5 33.5 72.3 23.4 49.2 77.9 15.5 14.6 Q3 FY2025 Q3 FY2026 Q3 FY2025 Q3 FY2026 17.4% 23.3% 424.7 131.6 361.8 106.7 244.9 85.9 211.8 63.0 151.0 181.5 43.7 45.7 9M FY2025 9M FY2026 9M FY2025 9
Slide 9: Media Outreach
MEDIA OUTREACH 8
Slide 10: Research and outreach
Research and outreach 1 WEBINARS & EVENTS 2 RESEARCH PUBLISHED 3 MEDIA COVERAGE 99 www.icra.in
Slide 11: Social listening
Social listening 10 10 www.icra.in
Slide 12: 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
Slide 13: © Copyright, 2026 ICRA Limited. All Rights Reserved.
© Copyright, 2026 ICRA Limited. All Rights Reserved. All information contained herein has been obtained by ICRA from sources believed by it to be accurate and reliable. Although reasonable care has been taken to ensure that the information herein is true, such information is provided 'as is' without
Slide 14: Thank You!
Thank You! #35YearsofUnwaveringCredibility 13