Shares of ICRA Ltd climbed over 3% in early trade after the company reported its Q3 FY26 consolidated results, with strong growth in revenue and operating profit despite a decline in net profit due to a one-time cost impact.
For the December quarter, ICRA reported consolidated revenue of ₹164 crore, marking a 35.3% YoY increase from ₹121 crore in the same period last year. EBITDA also rose 35.4% YoY to ₹57.1 crore compared with ₹42.2 crore in Q3 FY25, reflecting steady operating performance. The EBITDA margin remained unchanged at 34.9% on a YoY basis, indicating stable cost management.
Net profit, however, declined 7.7% YoY to ₹38.8 crore from ₹42 crore. The company attributed this drop to a one-time impact of ₹6.9 crore arising from the implementation of new labour codes. Excluding this exceptional item, profitability would have been broadly in line with operating growth.
The stock reacted positively to the operating performance. During the session, ICRA shares traded between a low of ₹6,099.50 and a high of ₹6,200.00, compared with the previous close of ₹5,935.50. The stock opened at ₹6,099.50. On a longer-term basis, the counter remains well above its 52-week low of ₹5,015.10, though it is still below the 52-week high of ₹7,130.00.
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