Icra Limited · NSE:ICRA
Icra — Q1 FY2023 Earnings Presentation
22 slides from Icra's earnings presentation, Aug 4, 2022
Slide 1: ICRA Limited
ICRA ICRA Limited August 4, 2022 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: Group ICRA Investor Presentation Q1 FY23
TO BE THE PREFERRED PARTNER IN PROVIDING BEST IN CLASS AND INDEPENDENT RISK & INVESTMENT ANALYTICS SOLUTIONS - GROUP ICRA VISION STATEMENT Group ICRA Investor Presentation Q1 FY23 04 August 2022 1
Slide 3: Contents
Contents 01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – ICRA Review – Group Limited ICRA (Standalone) (Consolidated) 22 www.icra.in
Slide 4: Contents
Contents 01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – ICRA Review – Group Limited ICRA (Standalone) (Consolidated) 33 www.icra.in
Slide 5: Group ICRA Overview
Group ICRA Overview ICRA Limited (parent entity – standalone) ICRA Nepal-ICRA Lanka ICRA Analytics (subsidiaries of ICRA Limited) (subsidiary of ICRA Limited) Provides independent credit ratings opinions and research ICRA Nepal Provides solutions, analytics and 31+ years of experience and digital pl
Slide 6: Contents
Contents 01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – ICRA Review – Group Limited ICRA (Standalone) (Consolidated) 55 www.icra.in
Slide 7: Economic Environment
Economic Environment GDP Growth Bank Credit – YoY Growth* (source: CSO) (source: RBI) 10.9% 13.7% 9.7% 20.1% 10.8% 12.8% 9.1% 8.8% 8.7% 8.4% 6.8% 7.6% 9.5% 2.5% 5.4% 4.1% 5.8% 5.9% 5.9% 7.5% 0.7% 4.9% -6.6% 2.9% 2.5% 1.4% 0.0% -0.3% 0.8% -1.2% 0.4% -23.8% Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 F
Slide 8: Challenges and Risk Factors
Challenges and Risk Factors 01 02 03 Economic and social Despite several policy Reputation-related risks challenges due to covid-19 measures, investment pandemic and geopolitical activity yet to show a tensions meaningful revival 04 05 06 Competition from other Ability to retain / attract Funding su
Slide 9: Standalone – Financial Performance
ICRA Standalone – Financial Performance On a standalone basis, the Company clocked a growth of 7.0% in its operating revenue to Rs. 49.3 crore in Q1 FY2023 compared to Rs. 46.1 crore in Q1 FY2022 – 55.0 21.0% 50.0 20.1% 20.0% driven mainly by continued traction in new business. The Company’s net pro
Slide 10: Standalone – P&L (₹ cr)
ICRA Standalone – P&L (₹ cr) Q1 FY23 vs P&L Q1 FY22 Q1 FY23 Q1 FY22 Operating Revenue a 46.1 49.3 7.0% Compensation Expenses b1 29.0 28.4 -2.1% Other Expenses b2 6.2 9.5 53.3% Depreciation 1.2 1.4 23.8% Finance Costs 0.4 0.3 -14.6% Total Expenses b 36.8 39.7 7.9% Operating Profit c=a-b 9.3 9.6 3.2%
Slide 11: Standalone – Investments (₹ cr)
ICRA Standalone – Investments (₹ cr) As at 30th 161 389 62 612 June, 2021 Total As at 30th 395 166 119 680 June, 2022 Mutual Funds & Equities Fixed Deposits & Bank Balances Corporate Deposits and Others 10 10 www.icra.in
Slide 12: Contents
Contents 01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – ICRA Review – Group Limited ICRA (Standalone) (Consolidated) 11 11 www.icra.in
Slide 13: Consolidated – Financial Performance
ICRA Consolidated – Financial Performance On a consolidated basis, the company’s operating revenue increased by 15.8% to Rs. 92.5 crore in Q1 FY2023 against Rs. 79.9 crore in Q1 FY2022. Consolidated PBT 105.0 36.0% 95.0 stood at Rs. 36.5 crore, up by 10.1%, while PAT clocked 11.1% decrease to Rs. 21
Slide 14: Consolidated – P&L (₹ cr)
ICRA Consolidated – P&L (₹ cr) Q1 FY23 vs P&L Q1 FY22 Q1 FY23 Q1 FY22 Operating Revenue a 79.9 92.5 15.8% Compensation Expenses b1 45.1 47.9 6.2% Other Expenses b2 10.1 13.0 28.0% Depreciation 1.8 2.0 12.4% Finance Costs 0.4 0.3 -15.1% Total Expenses b 57.4 63.2 10.1% Operating Profit c=a-b 22.5 29.
Slide 15: Consolidated – Segments (₹ cr)
ICRA Consolidated – Segments (₹ cr) Q1 FY23 vs Segment Revenue Q1 FY22 Q1 FY23 Q1 FY22 Rating, research and other services 48.0 51.4 7.1% Knowledge Services 27.1 35.8 31.9% Market services 3.9 4.5 14.6% Consulting services 0.9 1.1 14.0% Total segment revenue 80.0 92.8 15.9% Less: Inter-segment reven
Slide 16: Consolidated – Investments (₹ cr)
ICRA Consolidated – Investments (₹ cr) As at 30th 161 536 62 758 June, 2021 Total As at 30th 395 327 119 841 June, 2022 Mutual Funds & Equities Fixed Deposits & Bank Balances Corporate Deposits and Others 15 15 www.icra.in
Slide 17: Contents
Contents 01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – ICRA Review – Group Limited ICRA (Standalone) (Consolidated) 16 16 www.icra.in
Slide 18: High Impact Research
High Impact Research 17 17 www.icra.in
Slide 19: Thematic Discussions for Industry Participants
Thematic Discussions for Industry Participants 18 18 www.icra.in
Slide 20: Forward-looking statements
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. These forward-l
Slide 21: © Copyright, 2022 ICRA Limited. All Rights Reserved.
© Copyright, 2022 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 22: Thank You!
GY crs Thank You! ey