ICRA Financial Statements

ICRA (ICRA) reported revenue of ₹4.98B in FY2025 with net income of ₹1.71B. Total assets stood at ₹12.94B and free cash flow was ₹1.32B.

ICRA Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		3.01B	3.43B	4.03B	4.46B	4.98B
Cost of Rev. Cost of Revenue		-1.72B	-1.79B	-2.08B	-2.40B	-2.61B
Gross Profit		1.29B	1.64B	1.96B	2.06B	2.37B
SGA Sales, General & Admin		-482.28M	0	0	0	0
Op. Income Operating Income		712.16M	1.13B	1.33B	1.35B	1.61B
PBT Profit Before Tax		1.12B	1.52B	1.81B	2.00B	2.34B
Net Income		816.60M	1.12B	1.35B	1.52B	1.71B
Dil. Shares Diluted Shares		9.62M	9.62M	9.62M	9.62M	9.63M
Diluted EPS		84.89	116.74	140.59	156.99	176.50

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows ICRA's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

ICRA Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		4.95B	4.36B	5.65B	6.56B	11.28B
Non-curr. assets Total non-current assets		4.01B	5.43B	5.35B	5.30B	1.66B
Total assets		8.96B	9.78B	11.01B	11.87B	12.94B
Curr. liabilities Total current liabilities		1.16B	1.15B	1.32B	1.52B	1.77B
Non-curr. liab. Total non-current liabilities		188.82M	152.59M	141.44M	538.04M	594.19M
Total liabilities		1.35B	1.31B	1.46B	2.06B	2.37B
Total equity		7.61B	8.48B	9.55B	9.81B	10.58B
Total liab. & eq. Total liabilities & equity		8.96B	9.78B	11.01B	11.87B	12.94B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures ICRA's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

ICRA Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		1.12B	1.52B	1.81B	2.00B	2.34B
Operating CF Cash flow Operating Activities		763.84M	966.62M	992.58M	1.07B	1.45B
Capex Investments in PPE		-35.13M	-52.22M	-90.88M	-68.97M	-124.12M
Investing CF Cash flow Investing Activities		-321.14M	-718.62M	-768.39M	274.94M	-168.90M
Dividend Paid		-262.87M	-264.52M	-278.93M	-1.26B	-974.59M
Financing CF Cash flow Financing Activities		-320.31M	-313.16M	-321.26M	-1.37B	-1.03B
Cash (start) Cash at beginning of period		162.08M	284.47M	219.20M	121.58M	99.84M
Cash (end) Cash at end of period		284.47M	219.20M	121.58M	99.84M	348.59M
FCF Free Cash Flow		728.71M	914.40M	901.70M	1.00B	1.32B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how ICRA's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025