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Last Updated : May 09, 2019 09:13 PM IST | Source: PTI

Icra Q4 profit slips by 5.2% to Rs 26 cr

Total income during the quarter also declined to Rs 95.19 crore from Rs 99.65 crore in the year-ago period, Icra said in a regulatory filing.

 
 
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Domestic rating agency Icra May 9 reported 5.2 per cent decline in consolidated net profit at Rs 26.10 crore for the quarter ended March 2019. The company had posted a net profit of Rs 27.55 crore in the same quarter last year.

Total income during the quarter also declined to Rs 95.19 crore from Rs 99.65 crore in the year-ago period, Icra said in a regulatory filing.

Meanwhile, the board of directors of the company recommended a dividend of Rs 30 per equity share for the financial year ended March 31, 2019, the company said in the statement.

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The board had approved the merger of two of its wholly-owned subsidiaries - ICRA Management Consulting Services Limited, involved in consulting services, with ICRA Online Limited, which is involved in outsourcing and information services, subject to requisite approvals, it said.

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First Published on May 9, 2019 09:10 pm
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