Centrum Broking: Care Ratings’ Q2 Earnings Beat Led By Higher Revenue
A trader monitors financial data on computer screens. (Photographer: Simon Dawson/Bloomberg)

Centrum Broking: Care Ratings’ Q2 Earnings Beat Led By Higher Revenue

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Centrum Broking Report

Care Ratings Ltd.’s Q2 FY21 earnings positively surprised driven both by initial ratings and surveillance fees.

Volume of debt rated at Rs 5.01 trillion for H1 FY21 saw a recovery as the YoY decline at 11.6% was much lower vis-a-vis recent trends.

Ebitda beat estimate driven by higher revenue. Other income and expenses were in-line.

In H2 FY21 employee stock ownership plan (ESOP) cost may impact FY21 profit after tax. Management is targeting a flat revenue YoY for FY21.

Click on the attachment to read the full report:

Centrum Broking - CARE Ratings - Q2FY21 Result Update .pdf

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