CARE Ratings Q1 net falls 34% at Rs 17.5 crore

Ratings firm Credit Analysis and Research Ltd (CARE) today reported a fall of 34 per cent in its net profit at Rs 17.49 crore for the first quarter of 2015-16.
Company's net profit in the corresponding quarter of the previous fiscal stood at Rs 26.58 crore.
Total income of CARE Ratings, however, increased by 13.5 per cent to Rs 48.44 crore during the quarter, it said in a filing to the BSE.
In the year-ago period, the total income was at Rs 42.68 crore.
The company also declared first interim dividend of Rs 6 per equity share.
"The Board of Directors of the company at its meeting held ...Have declared a 1st interim dividend of Rs 6 per equity share of Rs 10 each for the financial year 2015-2016," it said.

Shares of CARE Ratings closed 0.27 per cent up at Rs 1,471.75 apiece on BSE today.