Dividend Announcement and Related Disclosures

Book Closure Details

  • Record Date: Friday, November 6, 2026
  • Purpose: For determining eligibility of shareholders entitled for payment of Interim Dividend for Financial Year 2026-27

Dividend Declaration

  • Type: Interim Dividend
  • Amount: Rs. 10 per equity share
  • Face Value: Rs. 10 per share
  • Financial Year: 2026-27
  • Subject to Shareholder Approval: No (Board approved)
  • Record Date: November 6, 2026
  • Date of Board Meeting: October 29, 2026

Board Meeting Highlights

  • Approval of Unaudited Standalone and Consolidated Financial Results for quarter and half year ended September 30, 2026, along with Limited Review Report issued by B S R & Co. LLP
  • Approval of appointment of Mr. Jatindar Pal Singh Bajaj (DIN:11700874) as Additional Director (Non-Executive Non-Independent Director)
  • The meeting commenced at 12:00 noon and concluded at 6:30 p.m.

Appointments / Reappointments

  • Director: Mr. Jatindar Pal Singh Bajaj - Appointment - Non-Executive Non-Independent Director, effective October 29, 2026, subject to shareholder approval
  • Brief Profile: Mr. J P S Bajaj joined LIC in 1989 as Direct Recruit Officer of 17th Batch. Post Graduate in Economics from Punjab University. Has extensive marketing experience and was nominated by LIC on Punjab National Bank board as Shareholder Director from October 2023 to May 2026.
  • Relationship: Not related to any director of the Company
  • Not debarred from holding director office by any SEBI order

Key Financial Highlights

(A) Standalone Financials (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: Rs. 15,040.83
  • Revenue from Operations: Rs. 13,420.89
  • Other Income: Rs. 1,619.94
  • Net Profit: Rs. 6,915.88
  • EPS (Basic): Rs. 22.98
  • EPS (Diluted): Rs. 22.93

Half Year Ended September 30, 2026:

  • Total Income: Rs. 25,419.39
  • Revenue from Operations: Rs. 22,236.03
  • Other Income: Rs. 3,183.36
  • Net Profit: Rs. 10,304.24
  • EPS (Basic): Rs. 34.25
  • EPS (Diluted): Rs. 34.17

YoY Comparison (Q2):

  • Revenue from Operations: +17.4% (vs. Rs. 11,426.92 in Q2 FY26)
  • Net Profit: +23.9% (vs. Rs. 5,583.28 in Q2 FY26)
(B) Consolidated Financials (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: Rs. 17,956.05
  • Revenue from Operations: Rs. 16,413.34
  • Other Income: Rs. 1,542.71
  • Net Profit: Rs. 7,236.70
  • Net Profit attributable to owners: Rs. 7,184.86
  • EPS (Basic): Rs. 23.88
  • EPS (Diluted): Rs. 23.82

Half Year Ended September 30, 2026:

  • Total Income: Rs. 30,603.94
  • Revenue from Operations: Rs. 27,581.29
  • Other Income: Rs. 3,022.65
  • Net Profit: Rs. 10,535.96
  • Net Profit attributable to owners: Rs. 10,410.75
  • EPS (Basic): Rs. 34.61
  • EPS (Diluted): Rs. 34.52

YoY Comparison (Q2):

  • Revenue from Operations: +20.4% (vs. Rs. 13,637.11 in Q2 FY26)
  • Net Profit: +26.5% (vs. Rs. 5,720.99 in Q2 FY26)
Expenses Breakdown (Consolidated H1 FY27)
  • Employee benefits expense: Rs. 11,993.74
  • Finance cost: Rs. 118.01
  • Depreciation and amortisation: Rs. 771.92
  • Other expenses: Rs. 3,662.90
  • Total Expenses: Rs. 16,546.57
Segment Information (Consolidated H1 FY27)
  • Ratings and related services Revenue: Rs. 24,726.36
  • Others Revenue: Rs. 2,958.13
  • Total Segmental Revenue: Rs. 27,684.49
  • Less: Inter Segment Revenue: Rs. (103.20)
  • Total Revenue from Operations: Rs. 27,581.29

Other Announcements

  • The Company entered into definitive agreements with State Bank of India and NSE IFSC Limited on October 19, 2026 for sale of 9.90% equity stake each in its wholly owned subsidiary, CareEdge Global IFSC Limited (CGIL)
  • Upon completion, Company's shareholding in CGIL will reduce to 80.20%, and CGIL will cease to be wholly owned subsidiary
  • The Company allotted 57,999 equity shares of Rs.10 each pursuant to exercise of employee stock options during Q2 FY26-27
  • ESOP charge for H1 FY27 consolidated: Rs. 130.48 lakhs; standalone: Rs. 102.68 lakhs

Auditor Information

  • Statutory Auditors: B S R & Co. LLP
  • Limited Review Report issued for both standalone and consolidated financial results
  • The consolidated results include 7 entities: CARE Ratings Limited (Parent), CARE Analytics and Advisory Private Limited, CARE ESG Ratings Limited, CareEdge Global IFSC Limited, CARE Ratings Nepal Limited, CARE Ratings (Africa) Private Limited, CARE Ratings South Africa (Pty) Ltd