ICRA's Q4 revenue jumps 28.4%, board recommends ₹105 dividend
ICRA reports strong Q4 growth; dividend includes ₹35 special payout. Fintellix acquisition to diversify revenue.
— 4 earlier stories on ICRA Ltd. →Mkt cap₹5,160 cr
P/E28.42×
ROE16.14%
Debt / eq.0.00
Div yld1.98%
28.4% Q4 revenue growth year-on-year
What's new
- Q4 revenue up 28.4% year-on-year
- Board recommends total dividend ₹105 per share, including special dividend ₹35
- Management updates on Fintellix acquisition and macroeconomic outlook
Why this matters
A 28.4% revenue jump shows ICRA's business momentum. The special dividend signals management's confidence in cash flows. The Fintellix acquisition aims to reduce dependence on domestic rating revenue.
What we're watching
- How Fintellix contributes to revenue mix in coming quarters
- Sustainability of growth amid macroeconomic uncertainty
- Whether dividend payout is maintained at elevated levels
The full read
ICRA's revenue growth was strong, but the real news is the ₹105 dividend—a ₹35 special on top of regular ₹70. That's a capital return signal. Meanwhile, the Fintellix acquisition is about diversifying beyond core ratings. The press release confirms results already guided but adds management commentary noting cautious optimism on macro.
Mentioned: ICRA Ltd. · Fintellix · ₹105 dividend
Company snapshot
ICRA Ltd.
Rating Agencies
₹5,205 cr
P/E 28.68×
Latest quarter · Mar 2026
Sales₹175 cr
Net profit₹53 cr
Op. margin+39.8%
EPS₹54.35
Strength & growth
Debt / equity0.00×
Current ratio6.37×
Sales CAGR+5.8%
EPS CAGR+10.0%
Story so far
All notes on ICRA →- 21 May 2026 · 5:52 PM IST ICRA's Q4 revenue jumps 28.4%, board recommends ₹105 dividend
- 47d ago ICRA signals buyback as cash reserves top ₹700 cr
- 51d ago ICRA raises dividend 75% with special ₹35 payout for its 35th year
- 51d ago ICRA lifts dividend to ₹105/share, 75% more than last year
- 51d ago ICRA lifts dividend to ₹105 per share, up 75%