Credit Analysis and Research reports 41% rise in Q1 net profit

Credit Analysis and Research has reported results for first quarter ended June 30, 2016.

The company has reported a rise of 41.05% in its net profit at Rs 24.67 crore for the quarter ended June 30, 2016 as compared to Rs 17.49 crore for the same quarter in the previous year. Total income of the company increased by 16.10% to Rs 59.64 crore for the quarter under review from Rs 51.37 crore for the corresponding quarter of the previous year.

Credit Analysis & Research Limited (CARE Ratings) is a full service rating company that offers a wide range of rating and grading services across sectors. CARE has an unparallel depth of expertise. CARE Ratings methodologies are in line with the best international practices.