CARE Ratings Q1 Review - Earnings In-Line; GDP Growth A Key: Centrum Broking

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 Q1 FY22 earnings were mainly in-line. Revenue, though in line with expectations, declined sharply QoQ due to seasonality. On a YoY basis, ratings revenue grew by 28%. Opex was a bit higher due to employee cost that included employee stock ownership plan cost of Rs 17.2 million. Ebit at Rs 55 million was as envisaged. FY22 sales would depend on gross domestic product growth, which has been maintained by CARE Ratings at ~9%. We see a revenue compound annual growth rate of 13% over FY21-23E.Revenues should see a strong build-up in the coming quarters, with initial focus on the ratings piece. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

CARE Ratings Q1 Review - Earnings In-Line; GDP Growth A Key: Centrum Broking

CARE Ratings Q1 Review - Earnings In-Line; GDP Growth A Key: Centrum Broking

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