Thursday, 16 November 2017

Look good in the second half: Care rating



Care ratings in the second quarter of fiscal year 2018 have increased by 2.1 percent to Rs 48.3 crore. Care ratings were worth Rs 47.4 crore in the second quarter of fiscal year 2018.

In the second quarter of the financial year 2018, Care Rating has increased by 5.9 percent to Rs 97.2 crore. In the second quarter of the financial year 2018, the earnings of care rating was Rs 91.8 crore. In the quarter, the company added 1077 new clients.

Speaking on the results of the company, MD and CEO of Care Ratings, Rajesh Mokashi said that there has been a slight slowdown in the economy but still the GDP growth rate is good. He further said that the government is taking steps to improve economy, the economy will get strength from the recapitalization of banks, which will be benefited by the rating companies, due to which the company will perform well in the second half.

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