Care Ratings Ltd · NSE:CARERATING
Care Ratings — Q3 FY26 Earnings Presentation
20 slides from Care Ratings's earnings presentation, Feb 12, 2026
Slide 1: Exchange filing cover letter
Date: February 11, 2026 SE/2025-26/101 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
Slide 2: Investor Release: Q3 and 9M FY26 results
CARE Ratings Limited Investor Release: 11th February 2026 Mumbai CARE Ratings Limited (NSE: CARE, BSE: 534804) The Board of Directors of CARE Ratings Limited have declared its unaudited financial results for the quarter and nine months ended 31st December 2025 Standalone Consolidated Revenue from Op
Slide 3: Economic overview and management commentary
CARE Ratings Limited The global landscape remains challenging amid the ongoing geopolitical tensions. Despite external pressures, the Indian economy is estimated to have held up relatively well during 9MFY26 with real GDP growth pegged at 7.4% (First Advance Estimate for the full year). This has bee
Slide 4: About CareEdge and Safe Harbor Statement
CARE Ratings Limited About CareEdge 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 trac
Slide 5: Q3 & 9M FY26
CARE Ratings Limited Investor Presentation Q3 & 9M FY26
Slide 6: 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
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Slide 8: Fundraising Activity in the Economy
Fundraising Activity in the Economy Corporate Bond Issuances* Commercial Paper Issuances (Rs. Lakh Crore) (Rs. Lakh Crore) 8.0 7.9 12.5 11.4 2.7 2.4 3.8 3.6 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Source: Prime database; Data Extracted on 30th January 2026; Source: RBI * Incl
Slide 9: Bank Credit Offtake
Bank Credit Offtake Credit Growth in Industry & Services Industrial Credit Growth 18 35 31.0 16 15.3 30 14 13.3 11.5 25 12 19.8 20.4 Y-o-Y % Y-o-Y % 10 20 8 7.5 15 6 9.8 10 7.5 4 5.5 5 2 0 0 Industry (23.0) Services (29.4) Micro & Small (23.1) Medium (9.6) Large (67.3) Dec-24 Dec-25 Dec-24 Dec-25 So
Slide 10: First Advance Estimate Pegs India’s GDP Growth at 7.4% for FY26
First Advance Estimate Pegs India’s GDP Growth at 7.4% for FY26 Real GDP Growth Consumption and Investment Growth 12 Private Final Consumption Expenditure (PFCE) CareEdge Gross Fixed Capital Formation (GFCF) Projection 10 9.7 9.2 20 17.5 18 8 7.6 7.4 16 7.2 6.5 Y-o-Y % 14 11.7 Y-o-Y % 6 12 10 8.4 8.
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Slide 12: Q3 FY26 Key Highlights
Q3 FY26 Key Highlights Standalone Consolidated YOY YOY Rs. 90.24 Crs Rs. 112.12 Crs 16% 15% Revenue from Operations Revenue from Operations YOY Margin YOY Margin Rs. 37.23 Crs 23% 41% Rs. 40.34 Crs 33% 36% EBITDA & EBITDA Margin % EBITDA & EBITDA Margin % YOY Margin YOY Margin Rs. 36.06 Crs 22% 35%
Slide 13: 9M FY26 Key Highlights
9M FY26 Key Highlights Standalone Consolidated YOY YOY Rs. 280.15 Crs 14% Rs. 342.40 Crs 17% Revenue from Operations Revenue from Operations YOY Margin YOY Margin Rs. 129.50 Crs 18% 46% Rs. 136.64 Crs 27% 40% EBITDA & EBITDA Margin % EBITDA & EBITDA Margin % YOY Margin YOY Margin Rs. 121.01 Crs 17%
Slide 14: Consolidated: Segmental Contribution
Consolidated: Segmental Contribution 9MFY26 Rs. 305.69 Crs YOY 17% 11% Ratings Segment 89% Rs. 36.71 Crs YOY Non-Ratings Segment Ratings Segment Non - Ratings Segment 21% The non-rating segment contribution to consolidated revenue is 11%, even as the ratings segment recorded a strong 17% growth 10
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Slide 16: About Us
About Us Our To be a global research and analytics Our To provide best-in- class tools, analyses, company that enables risk mitigation and and insights, enabling customers to make Vision superior decision making Mission informed decisions CareEdge Group CARE Ratings Limited (Parent Company) 100% 100
Slide 17: Overall Ratings Business
Overall Ratings Business Credit Ratings Business Other Ratings CareEdge Global CARE Ratings (Africa) CARE Ratings CARE ESG CARE Ratings Limited Ratings Limited IFSC Limited Private Limited Nepal Limited Incorporated in 1993, India’s CareEdge Global is a full- Incorporated in 2014 Incorporate
Slide 18: CARE Analytics and Advisory Private Limited
CARE Analytics and Advisory Private Limited Advisory Services Analytics Services Advisory & Consulting Sustainability Risk Digital Banking Practice Practice Consulting Solutions • Bespoke Consulting • ESG Strategy and Integration • Valuation Services (MLD, Unlisted • Customer Journey enhancements •
Slide 19: Outreach Activities: Q3 FY26
Outreach Activities: Q3 FY26 CareEdge Events Product Launches Knowledge Partnerships CareEdge Global’s ‘The CareEdge Ratings’ Dialogue - Ratings and ‘Conversations - Powering CareEdge Ratings’ Past Risk and CareEdge Analytics’ ReInvitEdge – a Economic Resilience - Building India’s Growth: Shaping Re
Slide 20: Contact Us
Contact Us Company : Investor Relations Advisors : CARE Ratings Limited Strategic Growth Advisors Private Limited CIN: L67190MH1993PLC071691 CIN: U74140MH2010PTC204285 Ms. Neha Shroff/ Mr. Dhruvil Jani investor.relations@careedge.in neha.shroff@sgapl.net / dhruvil.jani@sgapl.net +91 77380 73466 / +9