CARE Ratings reports 13% fall in Q4 consolidated net profit
22nd May 2019

CARE Ratings has reported results for the fourth quarter and year ended March 31, 2019. 

The company has reported a fall of 13.23% in its net profit at Rs 34.64 crore for the quarter ended March 31, 2019 as compared to Rs 39.92 crore for the same quarter in the previous year. Total income of the company decreased by 11.09% at Rs 90.96 crore for quarter under review as compared to Rs 102.31 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported fall of 12.66% in its net profit at Rs 36.69 crore for the quarter ended March 31, 2019 as compared to Rs 42.01 crore for the corresponding quarter in the FY18. Total consolidated income of the company fall 7.22% at Rs 99.03 crore for quarter under review as compared to Rs 106.74 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a fall of 16.17% in its net profit at Rs 134.99 crore as compared to Rs 161.03 crore for the previous year. Total income of company decreased 5.68% at Rs 327.19 crore for year under review as compared to Rs 346.88 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted fall of 14.95% in its net profit at Rs 138.07 crore as compared to Rs 162.34 crore for the previous year. Total income of company decreased marginally by 2.45% at Rs 349.36 crore for year under review as compared to Rs 358.15 crore for year ended March 31, 2018.