How has been the historical performance of the ICRA?

Answer:The historical performance of ICRA shows a consistent growth trend in net sales and profits over the years.

Breakdown:
ICRA's net sales have increased from Rs 301.06 crore in March 2021 to Rs 498.02 crore in March 2025, demonstrating a strong upward trajectory. The total operating income followed a similar pattern, rising from Rs 321.09 crore in March 2020 to Rs 498.02 crore in March 2025. The operating profit (PBDIT) also saw significant growth, climbing from Rs 81.13 crore in March 2021 to Rs 177.75 crore in March 2025, while the profit before tax increased from Rs 112.01 crore in March 2021 to Rs 233.97 crore in March 2025. Consequently, the profit after tax rose from Rs 82.68 crore in March 2021 to Rs 171.20 crore in March 2025. The earnings per share (EPS) reflected this positive trend, increasing from Rs 84.62 in March 2021 to Rs 176.18 in March 2025. On the balance sheet, total assets grew from Rs 765.33 crore in March 2019 to Rs 1,185.20 crore in March 2024, while total liabilities also increased, indicating a proportional growth in the company's financial structure. Cash flow from operating activities improved from Rs 21 crore in March 2020 to Rs 107 crore in March 2024, although the net cash flow showed a slight outflow in recent years. Overall, ICRA's financial metrics indicate a robust growth trajectory in both revenue and profitability over the analyzed period.