CRISIL surges over 8% on reporting 40% rise in Q1 consolidated net profit

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New Delhi | Updated: Apr 20, 2016 4:29 PM

Shares of Crisil gained over 10 per cent in the early trade on Wednesday after the rating agency on Tuesday posted 39.56 per cent rise in consolidated net profit at Rs 78.60 crore for the first quarter ended March 31.

BSE Sensex, NSE Nifty, crisil shares, crisilShares of Crisil gained over 10 per cent in the early trade on Wednesday after the rating agency on Tuesday posted 39.56 per cent rise in consolidated net profit at Rs 78.60 crore for the first quarter ended March 31. (Photo: PTI)

Shares of Crisil gained over 10 per cent intraday on Wednesday after the rating agency on Tuesday posted 39.56 per cent rise in consolidated net profit at Rs 78.60 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. Crisil follows January-December fiscal calendar, as against April-March by most of the Indian companies.

The scrip closed 8.51 per cent up at Rs 2,152.20.

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

Crisil’s consolidated gross sales increased to Rs 358.21 crore for the quarter, from Rs 307.21 crore in the year ago period.

On standalone basis, Crisil’s net profit jumped 43.92 per cent year-on-year to Rs 65.64 crore.

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