ICRA Limited — Earnings Release 2024

Jan 23, 2024

==> picture [59 x 56] intentionally omitted <==

ICRA .

ted ICRA Limi

January 23, 2024

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001, India Scrip Code: 532835

National Stock Exchange of India Limited

Exchange Plaza, Plot no. C/1, G Block Bandra-Kurla Complex Bandra (East) Mumbai - 400 051, India Symbol: ICRA

Dear Sir/Madam,

Sub.:- Press release on the unaudited financial results

Pursuant to the applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), please find enclosed a press release on the unaudited financial results (standalone and consolidated) of ICRA Limited for the third quarter and nine months ended December 31, 2023.

Kindly take the above on record.

Regards,

Sincerely,

SYED Digitally signed by SYED SHAKEB SHAKEB RAHMAN Date: 2024.01.23 RAHMAN 18:35:33 +05'30' (S. Shakeb Rahman) Company Secretary & Compliance Officer

Encl.: As Above

Building No. 8, 2"d Floor, Tower A DLF Cyber City, Phase II Gurugram - 122002, Haryana

Tel. : +91.124.4545300 CIN: L74999DL1991 PLC042749

Website : www.icra.in Email : info@icraindia.com Helpdesk: +91.9354738909

Registered Office : B - 710, Statesman House, 148, Barakhamba Road, New Delhi - 110001. Tel. : +91.11.23357940-41 • • RATING RESEARCH INFORMATION 131393

==> picture [111 x 33] intentionally omitted <==

ICRA

Analyics revenue growth for the quarer up by 11.4%; Nine months up by 6.8%

ICRAAnalytics revenue growth in Q3 FY2024 was driven by its Knowledge Service business and consolidation of D2K from the current quarter. In the Market Data vertical, key partnership arrangements were tied up with leading global data service providers for providing valuation services. The D2K acquisition was completed in the quarter and is expected to bring in synergies and drive growth in risk and analytics business.

In the current year, ICRA Limited and ICRA Analytics Limited entered into an agreement for share of common expenses. Consequently, ICRA Ratings nine months period segmental margins include 1.9% positive impact of such recharge, whereas ICRA Analytics segmental margins had an adverse impact of 2.6%.

About ICRA Limited:

ICRA Limited was set up in 1991 by leading financial/investment institutions, commercial banks, and financial services companies as an independent and professional investment Information and Credit Rating Agency. Today, ICRA and its subsidiaries together form the ICRA Group of Companies roup ICRA). ICRA is a Public Limited Company, with its shares listed on the Bombay Stock Exchange and the National Stock Exchange. The rnational Credit Rating Agency Moody's Investors Service is ICRA's largest shareholder.

Jl,v, Ramnath Krishnan � Managing Director and Group CEO

For further information, please contact:

Venkatesh Viswanathan Group Chief Financial Officer

Naznin Prodhani

Head Group Media & Communications

Email: naznin.prodhani@icraindia.com Tel:+ (91124) 4545300

© Copyright, 2023 ICRA Limited. All Rights Reserved.

All information contained herein has been obtained by ICRA from sources believed by it to be accurate and reliable. Although reasonable care has been taken to ensure that the information herein is true, such information is provided 'as is' without any warranty of any kind, and ICRA in particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness or completeness of any such information. Also, ICRA or any of its group companies, while publishing or otherwise disseminating other reports may have presented data, analyses and/or opinions that may be inconsistent with the data, analyses and/or opinions presented in this publication. All information contained herein must be construed solely as statements of opinion, and ICRA shall not be liable for any losses incurred by users from any use of this publication or its contents.

Disclaimer:

This Press Release is being transmitted to you for the sole purpose of dissemination through your newspaper/magazine/agency. The Press Release may be used by you in full or in part without changing the meaning or context thereof, but with due credit to ICRA Limited. However, ICRA Limited alone has the sole right of distribution of its Press Releases for consideration or otherwise through any media including, but not limited to, websites and portals.

ew ll fm

Click on the icon to visit our social media profiles.

==> picture [113 x 35] intentionally omitted <==

www.icra.in