Informist, Tuesday, Jul. 22, 2025

--CRISIL Apr-Jun consol net profit INR 1.72 bln vs INR 1.50 bln year ago

--CRISIL Apr-Jun consol revenue INR 8.43 bln vs INR 7.97 bln year ago

--CRISIL to pay INR 9 per share second interim dividend

--CRISIL Jan-Jun consol revenue INR 16.56 bln vs INR 15.35 bln year ago

--CRISIL Jan-Jun consol net profit INR 3.31 bln vs INR 2.88 bln year ago

By Sourabh Kumar

MUMBAI – CRISIL Ltd.'s June quarter consolidated net profit registered a robust growth on the back of a sharp year-on-year rise in its other income. However, the company's other income fell from the previous quarter.

The consolidated net profit of CRISIL rose 14.3% on year and 7.3% on quarter to INR 1.72 billion in the June quarter. The other income of the company was up 30% year-on-year to INR 235.3 million in the June quarter. The company also announced an interim dividend of INR 9 per share for the year ending Dec. 31, which would be paid on Aug. 8.

The total income of the company rose 6.3% on year to INR 8.67 billion in the June quarter. Sequentially, it was a mere 2.7% increase. The revenue from operations of CRISIL rose a modest 5.7% on year and 3.7% on quarter to INR 8.43 billion in Apr-Jun. The total expenses of the company in the June quarter rose 5.6% on year to INR 6.42 billion, driven by a surge in its finance costs and depreciation and amortisation expenses.

Its finance costs rose over 700% on year to INR 56.4 million in the June quarter, and depreciation and amortisation expenses almost doubled to INR 316.9 million. However, the other expenses of the company fell nearly 13% on year and around 20% on quarter to INR 687 million.

In the half year ended June, the company reported a 15% on year growth in net profit at INR 3.31 billion. Its revenue from operations was up 7.9% on year to INR 16.56 billion in Jan-Jun, and the other income registered a much sharper rise of 38% on year to INR 541.2 million. In the same period, the total income of the company rose 8.7% on year to INR 17.10 billion.

In terms of expenses, finance costs of CRISIL registered the sharpest rise of over 700% in Jan-Jun, although at a lower base, to INR 111.9 million. Similar to the June quarter, the company's depreciation and amortisation expenses surged 85% in Jan-Jun to INR 614.6 million.

"The Indian economy continues to show strength in the face of global uncertainties, with public investments, favourable monsoon, low inflation and healthy external markers supporting growth," Amish Mehta, managing director & CEO, said. "Crisil, with its strong foundation and diversified portfolio, remains resilient in this environment. Our strategic investments in technology and talent, combined with domain-led solutions, are enabling us to navigate this complex landscape and capitalise on emerging opportunities."

CRISIL Ltd. also announced the closure of its wholly-owned subsidiary Coalition Development Singapore Pte. Ltd. The board of Coalition Singapore approved the closure of its business, and CRISIL said the reason was to streamline its global entity structure. The contribution of Coalition Development Singapore's net worth in its parent was just 0.22%, as per the exchange filing by CRISIL. The business of Coalition Development Singapore will close within 12 months, the exchange filing said. At 1342 IST, shares of CRISIL were down 0.6% at INR 5,785.50 on the National Stock Exchange. End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Vandana Hingorani

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