Slide 1: Cover letter to stock exchanges: Investor Presentation Q1 FY2026
ICRA ICRA Limited July 31, 2025 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: - In
Slide 2: Investor Presentation Q1 FY2026
Investor Presentation Q1 FY2026 JULY 2025 1
Slide 3: ICRA Insights
ICRA INSIGHTS 2
Slide 4: Macro outlook: FY2026
Macro outlook: FY2026 I ICRA GDP, GVA INFLATION REPO RATE FISCAL DEFICIT EXTERNAL ACCOUNT Real Growth CPI Inflation Expect a final 25 FD/GDP Current Account bps rate cut in Balance FY2026: 6.2*% FY2026: 3.2% FY2026: 4.4% August 2025 FY2026: -0.6% meeting, taking of GDP Nominal WPI Inflation the repo
Slide 5: Domestic consumption and investment to improve in FY2026 even as outlook for external demand remains uncertain
Domestic consumption and investment to improve in FY2026 even as outlook for external demand remains mired with uncertainty I ICRA Rural demand is expected to be Given the fiscal buffers, ICRA estimates upbeat in the near term, aided by the that the GoI has space to boost capex robust crop output ov
Slide 6: Consolidated Financial Performance
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Slide 7: Growth across businesses (INR Cr)
Growth across businesses (INR Cr) I ICRA II Revenue II Profit after Tax 19.2% 42.8 114.8 8.4% 124.5 35.9 Q1 FY2025 Q1 FY2026 Q1 FY2025 Q1 FY2026 Segment Revenue Segment Results 124.5 37.9 114.8 31.5 65.0 74.2 23.0 18.1 49.8 50.3 13.4 14.9 Q1 FY2025 Q1 FY2026 Q1 FY2025 Q1 FY2026 ▪ Bond issuances hit
Slide 8: Media Outreach
MEDIA OUTREACH 7
Slide 9: Research and outreach
Research and outreach I ICRA 1 WEBINARS & EVENTS 2 RESEARCH PUBLISHED 3 MEDIA COVERAGE Mood y's & IC RA India C r e dit Confe,·en ce Global trade war, US tariffs could cut bank profits Re maining resilient amid uncertaint y? Wedn esd•y. 4 Ju ne 2025 I 09:00- 15;4 0 1ST b 25 b sin fY26: ICRA So fltel
Slide 10: Social listening
Social listening I ICRA Vlvek law e= •2nd ETCFO 0 ... E:d,tor,nCh,~ln:lCnFOUfltWf Somplt>Hal ... Jiut•- 1mo •(S) cro.see-•t-Pl(U'l9upO'IFY26de!.pote~,.._ 'WeeitP«1theGOP1towthtop(ont•IUpet'cenlinfY26,ma,~ btlow1tiee.lpe,oen1p,ojeeledbyusloffY25".wysACfoti Nl)'lrol Few people can demysbfy the l ttono
Slide 11: Disclaimer
Disclaimer I ICRA 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 variation
Slide 12: Copyright notice
I ICRA © Copyright, 2025 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'
Slide 13: Thank You!
ICRA Thank You! Sensitivity Label : Confiden 12