1. Crisil Q1 net profit rises 40% to Rs 78 cr

Crisil Q1 net profit rises 40% to Rs 78 cr

Ratings agency Crisil today posted 40 per cent rise in consolidated net profit at Rs 78.6 crore for the first quarter ended March 31.

By: | Updated: April 19, 2016 6:37 PM

Ratings agency Crisil today posted 40 per cent rise in consolidated net profit at Rs 78.6 crore for the first quarter ended March 31.

The company’s net profit stood at Rs 56.32 crore in the January-March quarter of last year.

It follows January-December fiscal calender, as against April-March by most of the Indian companies.

Crisil’s total income increased to Rs 368.57 crore for the quarter, from Rs 310.72 crore in the year ago period, it said in a BSE filing.

On standalone basis, Crisil’s net profit was up by 44 per cent to Rs 65.64 crore in the first quarter of this year.

The standalone income rose to Rs 267.23 crore during the quarter under review, as against Rs 227.3 crore earned a year ago.

The Crisil Board has declared an interim dividend of Rs 5 per share for the financial year ending December 2016.

“The strong financial performance is reflective of the diversity of Crisil’s portfolio of businesses. The quarter saw a strong growth in risk and analytics and financial research businesses under our global research and analytics vertical, while the performance of India focused businesses remained subdued because of weak investment demand and credit growth,” Crisil Managing Director and CEO Ashu Suyash said.

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