Care Ratings Ltd · NSE:CARERATING
Care Ratings — Q4 FY26 Earnings Presentation
26 slides from Care Ratings's earnings presentation, May 13, 2026
Slide 1: Exchange filing cover letter for press release and investor presentation
Date: May 13, 2026 SE/2026-27/12 To, BSE Limited The National Stock Exchange India Ltd. Phiroze Jeejeebhoy Towers Listing Department 14th Floor, Dalal Street Exchange Plaza Mumbai 400 001 Bandra Kurla Complex Scrip Code: 534804 Bandra (East) Mumbai 400 051 Scrip Code: CARERATING Dear Sir/ Madam, SUB
Slide 2: Investor Release: Q4 and FY26 audited results
CARE Ratings Limited CareEdge Retlng s • Al\&lyllcs • Consultli,g • Sust,1l~blllty Investor Release: 13th May 2026 Mumbai CARE Ratings Limited (NSE: CARE, BSE: 534804) The Board of Directors of CARE Ratings Limited have declared its audited financial results for the quarter and year ended 31 st Marc
Slide 3: Economic outlook and management commentary
CARE Ratings Limited The ongoing conflict in West Asia and uncertainty around its resolution is a challenge for the Indian economy. The disruptions to the global energy supply chains are expected to keep the oil prices at elevated levels. Given high energy import dependence, the economy is expected
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 second-largest rating agency, with a credible track record
Slide 5: Q4 & FY26
CARE Ratings Limited Investor Presentation Q4 & 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
Slide 7: Macro-Economic Indicators
Slide 8: Fundraising Activity in the Economy
Fundraising Activity in the Economy Corporate Bond Issuances Commercial Paper Issuances 12 18 11.1 16.9 10.8 15.7 16 10 14 8 12 Rs Trillion Rs Trillion 10 6 8 4 6 3.1 4.4 4.4 2.8 4 2 2 0 - Q4 FY25 Q4 FY26 FY25 FY26 Q4 FY25 Q4 FY26 FY25 FY26 Source: Prime database; Data extracted on 4th May 2026; Sou
Slide 9: Bank Credit Offtake
Bank Credit Offtake Credit Growth - Industry & Services Credit Growth - Industry FY25 FY26 FY25 FY26 20 19.0 35 33.1 18 30 16 15.0 14 25 21.7 12.0 12 20 18.5 Y-o-Y % Y-o-Y % 10 8.2 15 8 6 10 8.9 8.9 6.9 4 5 2 0 0 Industry (22.6%) Services (30.0%) Micro & Small (23.2%) Medium (9.7%) Large (67.1%) Sou
Slide 10: High Frequency Indicators
High Frequency Indicators Trends in PMIs Trends in Industrial Activity Manufacturing PMI Services PMI IIP Core 9 64 8 62 7 6 60 5 Y-o-Y % 58 Index 4 56 3 2 54 1 52 0 50 -1 Sep-25 Nov-25 Jan-26 Jun-25 May-25 Apr-25 Jul-25 Dec-25 Mar-25 Oct-25 Mar-26 Aug-25 Feb-26 May-25 Apr-26 Nov-25 Jan-26 Jun-25 Se
Slide 11: CARE Ratings' Stability Rates Vs Industry Average
CARE Ratings’ Stability Rates Vs Industry Average (in %) Average 1-Year Stability Rates in Investment Grade for the last 5 Financial Years' Period 99.4 99.7 96.0 97.4 91.7 91.9 90.2 90.0 AAA AA A BBB 2021-2025 2022-2026 Average (FY22-26) Note: CARE’s 2021-2025 and 2022-2026 numbers include CE / SO r
Slide 12: Financials
Slide 13: Q4 FY26 Key Highlights
Q4 FY26 Key Highlights Standalone Consolidated YOY YOY Rs. 107.58 Crs Rs. 130.67 Crs 19% 18% Revenue from Operations Revenue from Operations YOY Margin YOY Margin Rs. 57.90 Crs 27% 54% Rs. 60.76 Crs 28% 46% EBITDA & EBITDA Margin % EBITDA & EBITDA Margin % YOY Margin YOY Margin Rs. 53.39 Crs 19% 43%
Slide 14: FY26 Key Highlights
FY26 Key Highlights Standalone Consolidated YOY YOY Rs. 387.72 Crs 15% Rs. 473.07 Crs 18% Revenue from Operations Revenue from Operations YOY Margin YOY Margin Rs. 187.39 Crs 21% 48% Rs. 197.39 Crs 27% 42% EBITDA & EBITDA Margin % EBITDA & EBITDA Margin % YOY Margin YOY Margin 33% Rs. 174.39 Crs 18%
Slide 15: Consolidated: Segmental Contribution
Consolidated: Segmental Contribution FY26 Rs. 423.05 Crs YOY 17% 11% Ratings Segment 89% Rs. 50.01 Crs YOY Non-Ratings Segment 19% Ratings Segment Non - Ratings Segment The non-rating segment contribution to consolidated revenue is 11%, even as the ratings segment recorded a strong 17% growth 11
Slide 16: About Us
Slide 17: 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 Ratings Entities Non-Ratings Entities CareEdge Group CARE Rat
Slide 18: 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 ✓ Headquartered at GIFT City, ✓ Incorporated in 2014 ✓ Incorporat
Slide 19: AI @ CareEdge Ratings
AI @ CareEdge Ratings Future-Ready Innovation AI Agents & Workforce Lab Automation 60% Structured learning approach; 60% staff Internal AI challenge programs and cross- functional labs generate AI agents across functions for repetitive tasks; faster actively leveraging tools for insight generation b
Slide 20: CareEdge Analytics
CareEdge Analytics Consulting Products • AI Implementation Road Products Solutions Platforms map AI Inside, AI by the Side Gen-AI Native Solutions Agentic AI • AI Implementation Risk Assessments Augmented Intelligence Intelligent Co-Pilots Autonomous Intelligence • AI Engineering CredEdge – AI-power
Slide 21: CareEdge Advisory
CareEdge Advisory Advisory & Sustainability Research Grading Consultancy Practice Services Services Practices • Bespoke Consulting • ESG Strategy and • Customized Sectoral • AIF Grading Integration Research • Transaction Advisory • MFI / COCA Grading • SPOs/Impact Study on • Market study & • Risk Ad
Slide 22: Outreach Activities – Q4 & FY26 - Summary
Outreach Activities – Q4 & FY26 - Summary YoY Growth For Q4 For FY26 Vs FY26 FY26 FY25 Reports Published 114 416 24.9% Webinars 12 31 10.7% Knowledge Sharing & Speaker Forums 80 315 148.0% Media coverages 2005 9486 38.9% TV interviews 10 34 30.8% Individual Interactions & Quotes in Media 753 2211 45
Slide 23: Outreach Activities: Q4 FY26
Outreach Activities: Q4 FY26 Knowledge Sharing Forums & Speaker Invitations MoU with the Government of Gujarat and CERC Knowledge Partnerships with: ET MSME Awards, IiAS, Bharat Electricity Summit 2026, NHAI, AIBI, Assocham, Nairobi Security Exchange 19
Slide 24: Outreach Activities: Q4 FY26
Outreach Activities: Q4 FY26 CareEdge Events InsightEdge, A CareEdge Podcast CareEdge Global hosted “The Dialogue – Sovereign & Global Ratings: Trust & Transparency” in Thimphu on January 08, 2026. CareEdge Ratings hosted “Charcha” on The Evolving CareEdge Landscape of India’s Real in Media Estate S
Slide 25: CareEdge Impact - CSR Project beneficiaries
CareEdge Impact- CSR Project beneficiaries 6000+ 800+ 250+ 23% Children supported Patients supported Women supported The CSR budget through through through supports Defence Healthcare projects Essential healthcare Healthcare kits for personnel and their providing Paediatric services like palliative
Slide 26: 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