For the nine months ended December 31, 2010 (9M, 2010-11), ICRA’s Total Income stood at Rs. 10,118.23 lakh as against Rs. 9,186.45 lakh over the corresponding previous, reflecting growth of 10%.

Over the same horizon, ICRA’s Profit after Tax shows a decline of 6% from Rs. 3,589.39 lakh to Rs. 3,365.76 lakh. ICRA’s Total Income for the nine months ended December 31, 2009 (9M, 2009-10) included the figure of Rs. 861.53 lakh, arising from reversal in diminution in the carrying value of investments (as required under Accounting Standard 13). In 9M, 2010-11 however, the reversal in diminution in the carrying value of investments stands at a much lower Rs. 49.24 lakh. Were these figures to be excluded, ICRA’s Total Income and Profit after Tax for 9M, 2010-11 would show growth of 21% and 10% respectively, over the corresponding previous. It may be noted that ICRA has amortised during the 9M, 2010-11 Rs. 281.20 lakh as “Deferred Employees Compensation”. Were this figure also to be excluded, ICRA’s Profit after Tax for 9M, 2010-11 would show a growth of 20% over the corresponding previous.  ICRA is an affiliate of Moody’s.  Source:  ICRA Press Release