Press release

ICRA ICRALimited July 30, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. C/1, G Block Mumbai 400 001, India Bandra-Kurla Complex Scrip Code: 532835 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, please find enclosed a press release on the unaudited financial results (standalone and consolidated) ofICRA Limited for the first quarter ended June 30, 2026. Kindly take the above on record. Regards, Sincerely, (S. Shakeb Rahman) Company Secretary & Compliance Officer Encl.: As Above Building No. 8, 2nd Floor, Tower A Tel. : +91.124.4545300 Website : www.icra.in DLF Cyber City, Phase II CIN : L74999DL 1991 PLC042749 Email : info@icraindia.com Gurugram -122002, Haryana Helpdesk: +91.9354738909 Registered Office: B -710, Statesman House, 148, Barakhamba Road, New Delhi -110001. Tel.: +91.11.23357940-41 RATING • RESEARCH • INFORMATION 153001 ICRA Ql FY2027 RESULTS PRESS RELEASE July 30, 2026 Revenue from operations up by 31.2%; Profit after tax (PAT) up by 32.0% Gurugram: ICRA Limited announced its results for the first quarter ended June 30, 2026, on July 30, 2026. Consolidated revenue from operations increased by 31.2% to , 163.4 crore for the first quarter ended June 30, 2026, compared to, 124.5 crore in the corresponding quarter of the previous year, while PAT increased by 32.0% to, 56.5 crore for the first quarter ended June 30, 2026, compared to, 42.8 crore in the corresponding quarter of the previous year. The consolidated financial performance for the quarter includes the consolidation impact of Fintellix, acquired in October 2025. Accordingly, the current quarter's performance is not directly comparable with the corresponding quarter of the previous year. Commenting on the results, Mr. Ramnath Krishnan, MD & Group CEO, ICRA Limited, said: "ICRA delivered a strong quarterly performance, supported by healthy growth in Ratings and sustained momentum in Risk & Analytics. Our Ratings business remained anchored in high-quality analytical delivery and market engagement, while Risk & Analytics benefited from robust demand across data, risk and technology-led solutions. We remain committed to supporting clients and market participants with independent insights and solutions aligned to evolving business and regulatory needs." Ql FY2027 began on a strong footing with the Moody's ICRA Annual India Credit Conference, held in Mumbai on May 25, 2026, which brought together over 220 participants. During the quarter, ICRA further strengthened its market outreach by hosting five sector-focused webinars, providing stakeholders with insights into evolving industry trends and emerging opportunities. The Company also participated as a thought leader in 13 external industry forums, published 136 industry research reports, and issued 11 media releases covering significant sectoral developments and key market trends. These sustained efforts reinforce ICRA's commitment to delivering independent, data-driven insights that empower market participants to make informed decisions. India's GDP growth is expected to have moderated in Ql FY2027 from 7.8% in Q4 FY2026, with the West Asia conflict and the consequent rise in oil and other commodity prices weighing on the performance of several sectors. While energy prices had cooled off, they have risen again in the aftermath of the recent renewal of tensions in West Asia, which could have potential consequences on India's growth outcomes. Besides, if the monsoon rains remain sub-par and uneven, this would weigh on rural demand and agricultural outcomes, particularly in the latter part of the fiscal. Overall, ICRA currently expects the GDP growth to ease to 6.7% in FY2027 from 7.7% in FY2026, with risks tilted to the downside. Ratings & ancillary services revenue for the quarter up by 12.9% ICRA's ratings revenue was supported by strong 18.3% year-on-year growth in bank credit as of the end of Ql FY2027, with demand led mainly by the industries and NBFC segments. Bond issuances declined from the high base of corresponding quarter of the previous year, as yields remained elevated. Bond and Commercial paper (CP) issuances increased in the final fortnight of the quarter, helped by moderating yields amid improved liquidity, regulatory measures to shore-up INR and a temporary easing of the West Asian conflict. Growth in CP outstanding was supported by higher working capital demand due to elevated commodity prices, along with increased requirements from brokers and capital market entities. Securitization volumes were driven entirely by NBFCs, as newer and smaller entities used this route to expand access to cheaper funding. ICRA remains focused on expanding its coverage through high-quality ratings and research. Risk & Analytics continued to demonstrate healthy momentum during the quarter, driven by the acquisition of Fintellix and sustained demand across risk, data and regulatory technology solutions. Beyond the acquisition impact, BankTech benefited from the momentum in risk-related offerings, while CapTech was supported by increasing demand for data solutions. KnowTech recorded steady growth, aided by favourable currency movement and higher throughput, partly #35YearsofUnwaveringCredibility www.icra.in Sensitivity Label: Confidential ICRA offset by automation-related ramp-downs. Overall, the segment's performance reflects a gradually evolving business mix, with higher contribution from product-centric engagements. ICRA acquired the remaining stakes in both D2K Technologies India Private Limited and Fintellix India Private Limited, making both companies wholly owned subsidiaries within the Group. About ICRA Limited: ICRA Limited is leading credit rating agency in India, and along with its subsidiaries is a preferred partner in providing best in class and independent research and analytics solutions. ICRA is a Public Limited Company, with its shares listed on the Bombay Stock Exchange and the National Stock Exchange. The International Credit Rating Agency Moody's Investor • e is ICRA's largest shareholder Ramnat Managing Director & 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, 2026 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. Click on the icon to visit our social medi [Showing first 8,000 characters — download PDF for full document]