ICRA's ratings business has grown well even when bank credit growth has been subdued and debt market issuance was flat, says MD & CEO Naresh Takkar.
In an interview to CNBC-TV18, Naresh Takkar, managing director and chief executive officer, ICRA shares his views on the company‘s Q3 numbers and his expectations from the upcoming quarters.
Operating profits have grown by about 4 percent and our business is of high operating leverage so to that extent some pressure on the profitability was to be expected during this quarter, says Naresh Takkar, Managing Director, ICRA Limited.
In an interview to CNBC-TV18, Naresh Takkar, MD of ICRA speaks about the company's earnings for the June quarter. He expects margins to be hit in the coming quarters if the market conditions did not improve.
“Macro performance, debt markets and the big investments have been fairly flat, impacting the margins and the earnings of the company,†said Naresh Takkar, MD, ICRA in an interview to CNBC-TV18.