Care Ratings Ltd · NSE:CARERATING
Care Ratings — Q2 FY26 Earnings Presentation
16 slides from Care Ratings's earnings presentation, November 2025
Slide 1: CARE Ratings Limited Investor Presentation Q2 & H1 FY26
CARE Ratings Limited Investor Presentation Q2 & H1 FY26
Slide 2: 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 3: Macro-Economic Indicators
Slide 4: Fundraising Activity in the Economy
Fundraising Activity in the Economy Corporate Bond Issuances* Commercial Paper Issuances (Rs. Lakh Crore) (Rs. Lakh Crore) 5.5 8.9 5.3 7.6 3.2 4.4 3.7 2.0 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Source: Prime database; Data Extracted on 3rd November 2025; Source: RBI * Includ
Slide 5: Lead Indicators: GST Collections, E-Way Bills & PMI
Lead Indicators: GST Collections, E-Way Bills & PMI GST Collections & E-way Bills Generation Manufacturing & Services PMI GST Collections E-way Bills Generation (RHS) PMI- Manufacturing PMI- Services 2.5 14 65 12 2.0 60 10 Rs Lakh Crore 1.5 55 8 Crore Index 6 1.0 50 4 0.5 45 2 0.0 0 40 Jan-25 May-25
Slide 6: Bank Credit Offtake
Bank Credit Offtake Credit Growth in Industry & Services Industrial Credit Growth 16 25 13.7 22.0 14 20.5 20 12 10.2 10 8.9 15 14.3 13.4 YoY % YoY % 8 7.3 6 10 6.5 4 5 2 2.4 0 0 Industry (22.8) Services (29.1) Micro & Small (22.5) Medium (9.4) Large (68.2) Sep-24 Sep-25 Sep-24 Sep-25 Source: RBI; No
Slide 7: Financials
Slide 8: Q2 FY26 Key Highlights
Q2 FY26 Key Highlights Standalone Consolidated 13% 16% Rs. 114.27 Crs YoY Rs. 136.37 Crs YoY Operating Income Revenue from Operations 14% 57% 23% 50% Rs. 64.97 Crs Margin Rs. 68.41 Crs YoY Margin YoY EBITDA & EBITDA Margin % EBITDA & EBITDA Margin % 12% 44% 22% 38% Rs. 55.83 Crs YoY Margin Rs. 57.21
Slide 9: H1 FY26 Key Highlights
H1 FY26 Key Highlights Standalone Consolidated 17% 14% YoY Rs. 189.91 Crs Rs. 230.28 Crs YoY Operating Income Revenue from Operations 17% 49% 24% 42% Rs. 92.26 Crs Margin Rs. 96.30 Crs YoY Margin YoY EBITDA & EBITDA Margin % EBITDA & EBITDA Margin % 15% 39% 23% 33% Rs. 84.95 Crs YoY Margin Rs. 83.71
Slide 10: Consolidated: Segmental Contribution
Consolidated: Segmental Contribution H1FY26 Rs. 205.75 Crs 16% 11% Ratings Business YoY 89% Rs. 24.53 Crs 30% Non-Ratings Business YoY Ratings Business Non - Ratings Business The non-rating business segment’s contribution to consolidated revenue is 11%, even as the ratings segment recorded a strong
Slide 11: About Us
Slide 12: 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 13: 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 and ✓ Incorpo
Slide 14: 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 15: Outreach Activities: Q2 FY26
Outreach Activities: Q2 FY26 CareEdge Events Strategic MOUs Knowledge Sharing Forums & Speaker Invitations Kochi edition of CareEdge Conversations on July 25, 2025. The session, themed ‘India’s Economic Outlook – Navigating Growth Amidst Global Uncertainties,’ 'CareEdge Charcha Roundtable' on India’
Slide 16: Contact Us
Contact Us Company : Investor Relations Advisors : CARE Ratings Limited Strategic Growth Advisors Private Limited CIN: L67190MH1993PLC071691 CIN: U74140MH2010PTC204285 Ms. Neha Shroff/ Ms. Ami Parekh investor.relations@careedge.in neha.shroff@sgapl.net / ami.parekh@sgapl.net +91 77380 73466 / +91 80