CARE Ratings Full Year 2024 Earnings: EPS Misses Expectations

CARE Ratings (NSE:CARERATING) Full Year 2024 Results

Key Financial Results

• Revenue: ₹3.32b (up 19% from FY 2023).
• Net income: ₹1.01b (up 20% from FY 2023).
• Profit margin: 30% (in line with FY 2023).
• EPS: ₹33.77 (up from ₹28.17 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CARE Ratings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.2%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Capital Markets industry in India.

Performance of the Indian Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - CARE Ratings has 1 warning sign we think you should be aware of.

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