However, on a year-on-year (YoY) basis, revenue rose 31.2 per cent from Rs 124.5 crore, according to its stock exchange filing. The company's profit after tax (PAT) increased 32 per cent year-on-year (YoY) to Rs 56.5 crore during the quarter, compared with Rs 42.8 crore in the corresponding period last financial year. "ICRA delivered a strong quarterly performance, supported by healthy growth in Ratings and sustained momentum in Risk & Analytics. The Risk & Analytics business recorded a sharp 58.7 per cent year-on-year increase in revenue, aided by the Fintellix acquisition and sustained demand for risk management, regulatory technology and data solutions. On the stock market, shares of ICRA were trading 3.06 per cent higher at Rs 4,919.70 around 3:25 p.m.