CARE Ratings Posts 34% Fall in Q1 Profit

New Delhi: Ratings firm Credit Analysis and Research Ltd (CARE) on Friday reported a 34 per cent decline in net profit at Rs 17.49 crore for the first quarter of financial year 2015-16.

The company had posted a net profit of Rs 26.58 crore for the corresponding period a year ago

Total income of CARE Ratings, however, increased 13.5 per cent to Rs 48.44 crore during the quarter, it said in a filing to the BSE.

In the year-ago period, the total income was at Rs 42.68 crore.

The company also declared first interim dividend of Rs 6 per equity share.

"The Board of Directors of the company at its meeting held ...have declared a 1st interim dividend of Rs 6 per equity share of Rs 10 each for the financial year 2015-2016," it said.

Shares in CARE Ratings, on Friday, ended 0.27 per cent higher at Rs 1,471.75 apiece on the BSE.