Emkay Global Financial Services Limited has informed the Exchange about Credit Rating- Reaffirmation

ICRA has reaffirmed Emkay Global's credit ratings: [ICRA]A2+ for short-term non-fund based bank lines and [ICRA]BBB+ (Positive) for the non-convertible debenture programme of Rs. 100 crore. The short-term bank line limit has been enhanced from Rs. 250 crore to Rs. 300 crore. ICRA noted the company's three-decade track record in capital markets, adequate capitalisation (net worth of Rs. 303 crore, gearing of 0.2x), and improved profitability with FY2025 net profit of Rs. 57 crore (up from Rs. 32 crore in FY2024) and return on equity of 20.9%. The Positive outlook on the long-term rating reflects expected improvement from scaling of broking, wealth, and asset management businesses, though challenges include exposure to volatile capital markets, elevated cost structure, and regulatory headwinds.