How has been the historical performance of ICRA?

Answer:The historical performance of ICRA shows a consistent growth trend across various financial metrics over the years. Breakdown: ICRA's net sales have steadily increased from INR 301.06 crore in March 2021 to INR 498.02 crore in March 2025, reflecting a strong upward trajectory. Total operating income followed a similar pattern, rising from INR 321.09 crore in March 2020 to INR 498.02 crore in March 2025. The company's operating profit (PBDIT) also demonstrated significant growth, climbing from INR 81.13 crore in March 2021 to INR 177.75 crore in March 2025, with a notable operating profit margin of 35.69% in the latest fiscal year. Profit before tax increased from INR 112.01 crore in March 2021 to INR 233.97 crore in March 2025, while profit after tax reached INR 171.20 crore in March 2025, up from INR 82.68 crore in March 2021. The consolidated net profit showed a similar upward trend, rising from INR 81.66 crore in March 2021 to INR 170.01 crore in March 2025. On the balance sheet, total assets grew from INR 839.11 crore in March 2020 to INR 1,291.80 crore in March 2025, with total liabilities also increasing from INR 890.25 crore to INR 1,291.80 crore during the same period. Cash flow from operating activities improved significantly, reaching INR 144 crore in March 2025 compared to INR 21 crore in March 2020. Overall, ICRA has demonstrated robust growth in revenue, profitability, and asset base over the years.