Home / Companies / Results / ICRA Q1 net profit declines 17% to Rs 17 cr, income down at Rs Rs 80.8 cr

ICRA Q1 net profit declines 17% to Rs 17 cr, income down at Rs Rs 80.8 cr

The level of activity in the economy was significantly impacted by the coronavirus-induced lockdown in the first quarter of 2020-21, it said

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Based on the current assessment, this situation does not materially impact the company's capital and financial resources, ICRA said. Photo: iStock

1 min read Last Updated : Aug 27 2020 | 11:50 PM IST

Credit rating firm ICRA has reported a 17 per cent fall in consolidated net profit to Rs 17.04 crore for the first quarter ended June 30, 2020.

The company's net profit had stood at Rs 20.53 crore in the corresponding quarter of the previous fiscal.

Its total income also moderated to Rs 80.79 crore for the quarter ended June 2020, from Rs 88.69 crore a year ago, ICRA said in a regulatory filing.

The level of activity in the economy was significantly impacted by the coronavirus-induced lockdown in the first quarter of 2020-21, it said.

The rating agency also added

Topics : ICRA Q1 results Credit rating agencies

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