Care Ratings Ltd · NSE:CARERATING
Care Ratings — Q1 FY23 Earnings Presentation
16 slides from Care Ratings's earnings presentation, Jul 30, 2022
Slide 1: Exchange filing cover letter for press release and investor presentation
Care RATINGS Date: July 29, 2022 SE/2022-23/29 To, The General Manager The National Stock Exchange India Ltd. Corporate Relation Department Listing Department BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex 141h Floor, Dalal Street Bandra (East) Mumbai 400 001 Mumbai 400 05
Slide 2: Press release: Q1 FY23 results and state of the economy
CareEdge The Board of Directors of CARE Ratings Limited approved the financial results for Ql FY23 In the Board meeting held on July 29, 2022. State of the Economy The Indian economy has shown gradual signs of Improvement In the last quarter, with Indicators like GST collections, E-way bills, bank c
Slide 3: Investor Presentation Q1 FY23
Investor Presentation Q1 FY23 July 29, 2022 All Rights Reserved © 2022 | CARE Ratings Limited
Slide 4: Contents
CONTENTS 1. About Us 3-4 2. Financial Results – Q1 FY23 5-6 3. Outreach Activities 7-8 4. State of the Economy 9-13 All Rights Reserved © 2022 | CARE Ratings Limited
Slide 5: CareEdge Group
CareEdge Group CARE Ratings Limited CARE Risk CARE Advisory CARE Ratings CARE Ratings Solutions & Research (Africa) Nepal (100%) (100%) (78%) (51%) 3 Q1 FY23 l Private & Confidential – CARE Ratings Limited
Slide 6: Vision, Mission, Values and Strategy
Vision A global research & analytics company that enables risk mitigation and superior decision making Mission To provide best-in-class tools, analysis and insights, enabling customers to make informed decisions. Values Integrity, Pursuit of Excellence, Commitments, Fairness STRATEGY Talent: Group A
Slide 7: Financial Performance – Q1 FY23
Financial Performance – Q1 FY23 48.74 56.07 17% 13% 41.77 49.42 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Revenue from operations (Rs. Cr.) Total Income (Rs. Cr.) 39% 32% 19.04 18.08 66% 168% 10.89 7.11 Q1FY22 Q1FY23 Q1FY22 Q1FY23 EBITDA (Rs. Cr.) EBITDA Margin PAT (Rs. Cr.) PAT Margin 5 Q1 FY23 l Private & Confi
Slide 8: Financial Performance – Q1 FY23
Financial Performance – Q1 FY23 Rs. in Crore Q1 FY 23 compared with Q1 FY 22 Standalone % Consolidated % Particulars Q1 FY23 Q1 FY22 Change Q1 FY23 Q1 FY22 Change Total Revenue 56.07 49.42 13% 62.09 56.52 10% Total Expenses* 31.67 36.43 (13%) 40.89 42.55 (4%) Profit Before Tax (PBT) 24.40 12.99 88%
Slide 9: Outreach Activities
Outreach Activities Reports & Publications: Knowledge Sharing Forums: • The economics, ratings & industry CareEdge senior management, economics, sector specialists, research teams published their views on industry research teams along with business development various developments blended with the l
Slide 10: Outreach Activities
Outreach Activities Knowledge Sharing Forums: CareEdge Webinars with • CARE Risk Solutions was the presenting partner for Pharma Tech Eminent Speakers: Talks Leadership Summit. • ‘Positive Credit Outlook’. • CARE Ratings Africa hosted a seminar on the ‘Corporate Bond Credible insights on the credit
Slide 11: Fund Raising Subdued
Fund Raising Subdued CP Issuances decline by 10.6% in Q1 FY23 Bond Issuances Lower by 16.9% in Q1 FY23 4.0 1.2 1.1 3.9 3.9 1.0 0.9 3.8 0.8 3.7 Rs Lakh Crore Rs Lakh Crore 3.6 0.6 3.5 3.5 0.4 3.4 0.2 3.3 3.2 - Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Source: CEIC Source: Prime database • Issuances of commerci
Slide 12: Bank Credit Offtake Improves
Bank Credit Offtake Improves Gross Bank Credit Growth Gains Momentum Credit to Industry & Services Picks Up 14 14 12.9 12.1 12 12 10 10 8.7 8 YoY% 8 YoY% 6 6 4.9 4 3.4 4 2 0.2 2 0 Industry Services 0 FY22 FY23 FY22 FY23 Source: RBI Source: RBI • Growth in bank credit has been driven by the retail se
Slide 13: Signs of Recovery Visible
Signs of Recovery Visible IIP Growth Picks Up PMIs remain in the expansionary zone 25 65 59.2 19.6 60 20 53.9 55 15 50 48.1 YoY% 10 45 41.2 40 5 35 Jun-21 Nov-21 Jan-22 Sep-21 Jun-22 Oct-21 Dec-21 Apr-22 May-22 Jul-21 Aug-21 Feb-22 Mar-22 0 Nov-21 Jan-22 Sep-21 Apr-22 May-22 Oct-21 Dec-21 Feb-22 Mar
Slide 14: Inflation Still Concerning
Inflation Still Concerning Retail Inflation above RBI's target range for the CPI Inflation Broad-Based Across Categories sixth month in a row 14 12.6 8 12 10.4 7.01 9.5 7 10 7.6 7.2 YoY% 8 6.1 6.3 6.1 6.0 6 5.6 6 3.73.9 YoY% 5 4 4 2 0 3 2 1 Jun-21 Nov-21 Apr-21 May-21 Jan-22 Sep-21 Jun-22 Oct-21 Dec
Slide 15: Yields Rise & INR Weakens
Yields Rise & INR Weakens 10-Year G-Sec Yields Remain Elevated Weakening Pressure on Rupee Continues 8 80 7.5 78 USD/INR 7 76 % 6.5 74 6 72 5.5 70 Nov-21 Jun-21 Jan-22 May-21 Jun-22 Apr-21 Sep-21 Apr-22 May-22 Oct-21 Dec-21 Jul-21 Aug-21 Feb-22 Mar-22 Jul-22 Nov-21 Jun-21 Jan-22 Jun-22 Apr-21 May-21
Slide 16: Thank You!
Thank You! About Us CareEdge is a knowledge-based analytical group that aims to provide superior insights based on technology, data analytics and detailed research. CARE Ratings Ltd, the parent company in the group, is one of the leading credit rating agencies in India. Established in 1993, it has a