Icra Limited · NSE:ICRA
Icra — Q1 FY20 Earnings Presentation
16 slides from Icra's earnings presentation, Aug 1, 2019
Slide 1: Investor Presentation, Q1 FY20
Investor Presentation, Q1 FY20 Aug 1, 2019
Slide 2: ICRA Group Structure
® ICRA ICRA Group Structure 2a ICRA AMOOOY'S wevEsTORS SERVICE COMPANY
Slide 3: Performance Review: ICRA Limited
Performance Review: ICRA Limited
Slide 4: Operating Environment
Operating Environment • Bank credit outstanding witnessed 12% growth driven by the retail segment and Non Banking Financial Companies (NBFCs). • Bond issuances witnessed a growth of ~12% y-o-y during Q1FY20, driven by growth in issuances by NBFCs, and banks, even as issuances by corporates stood fla
Slide 5: Standalone: Financial Highlights
ICRA Standalone: Financial Highlights • For the quarter ended June 30, 2019 the Company’s operating income was ₹51.4 crore, as against ₹56.5 crore in the corresponding quarter of the previous financial year, reflecting a de-growth of 9.1%. The de-growth in operating income was mainly due to sluggish
Slide 6: Standalone: Financials
ICRA Standalone: Financials Standlone Particulars (Rs. Crore) FY 19 FY 20 Variance Variance Q1 Q1 Rs % Income Revenue from operations 56.5 51.4 (5.2) -9.1% Other income 8.8 10.1 1.3 14.8% Total income 65.4 61.5 (3.8) -5.9% Expenses Employee benefits expenses 27.7 27.5 (0.1) -0.5% Finance costs 0.0 0
Slide 7: Standalone: Profit & Loss (Quarterly Performance)
ICRA Standalone: Profit & Loss (Quarterly Performance) 50% 115.0 41.0% 42.2% 40.6% 38.5% 105.0 41.0% 40% 32.8% 95.0 40.8% 85.0 37.3% 35.2% 30% 75.0 29.1% ₹ Crores 20% 65.0 55.0 59.2 10% 45.0 56.5 56.5 57.9 51.4 35.0 0% 25.0 34.8 35.1 37.5 36.4 33.4 -10% 15.0 5.0 -20% PY Q1 PY Q2 PY Q3 PY Q4 CY Q1 Op
Slide 8: Investments as on June 30, 2019
ICRA: Investments as on June 30, 2019 ICRA Investments Standalone (₹ 548.8 Cr) ICRA Investments Group (₹ 638.9 Cr) Mutual Funds & Mutual Funds & Corporate Equities, Equities , Deposits, Corporate 52.9 52.9 77.5 Deposits & others, 77.5 Fixed Fixed deposits and deposits and Bank Bank balances, balance
Slide 9: Challenges and Risk Factors
ICRA: Challenges and Risk Factors • Despite several policy measures, investment activity yet to show a meaningful revival • Adverse yield movement • Ease of access and relative cost economics of overseas funding alternatives • Adverse changes in regulations • Reputation related risks • Competitive p
Slide 10: Performance Review: ICRA Group
Performance Review: ICRA Group
Slide 11: Group: Financial Highlights
ICRA Group: Financial Highlights • For the quarter ended June 30, 2019, consolidated operating income was ₹ 77.0 crore, as against ₹ 78.7 crore in the corresponding quarter of the previous financial year, reflecting a de-growth of 2.1%. • The other income in the quarter increased by 13.6% as compare
Slide 12: Group: Consolidated Financials
ICRA Group: Consolidated Financials ICRA Consolidated Particulars (Rs. crores) FY 19 FY 20 Variance Variance Q1 Q1 Rs % Income Revenue from operations 78.7 77.0 (1.6) -2.1% Other income 10.3 11.7 1.4 13.6% Total income 88.9 88.7 (0.2) -0.3% Expenses Employee benefits expenses 40.8 41.5 0.7 1.7% Fina
Slide 13: Group: Profit & Loss (Quarterly Performance)
ICRA Group: Profit & Loss (Quarterly Performance) 130.0 50% 120.0 36.7% 36.7% 35.8% 40% 33.5% 110.0 30.8% 35.2% 35.8% 30% 100.0 33.0% 33.2% 84.7 83.7 29.5% 90.0 81.1 ₹ Crores 78.7 20% 77.0 80.0 70.0 10% 53.9 54.3 55.9 54.3 60.0 50.5 0% 50.0 -10% 40.0 30.0 -20% PY Q1 PY Q2 PY Q3 PY Q4 CY Q1 Operating
Slide 14: Group: Segment-wise Composition
ICRA Group: Segment-wise Composition Q1 FY 19 FY 19 Q1 FY 20 FY 20 Revenue Composition (Adjusted) Rs. Cr % Rs. Cr % Ratings 57.5 73.8% 52.8 69.6% Consultancy 4.5 5.7% 4.6 6.0% Outsourced and Information Services 16.0 20.5% 18.5 24.4% Total Operating Income 78.0 100.0% 75.9 100.0% Q1 FY 19 FY 19 Q1 F
Slide 15: Group
ICRA Group Consulting Services • The growth in revenue of consulting business was flat on account of de-emphasis on certain business segments. However, various cost control measures have led to a reduction in losses. Outsourcing and Information Services • Operating revenue recorded a growth of 18% (
Slide 16: 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