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Crisil CY-Q1 Results: Income increase to 737.7 crore

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Key Highlights from the Quarter Ended March 31, 2024:

- Income Increase: Operations income rose by 3.2%, reaching Rs 737.7 crore compared to Rs 714.9 crore in the same quarter of the previous year.

- Profit Growth: Pre-tax profits increased by 1.0% to Rs 195.5 crore.

- Dividend Announcement: An interim dividend of Rs 7 per share was declared.

- Approval by the Board: The Board of Directors approved these unaudited results during their recent meeting.

Financial Performance Details:

- Total Income: Grew by 3.6% to Rs 758.8 crore from Rs 732.2 crore in the previous year’s corresponding quarter.

- Profit After Tax: Decreased by 5.5%, totaling Rs 137.7 crore, down from Rs 145.8 crore.

Explore: Crisil Share Price

Comments from Leadership:

- CEO Statement: Amish Mehta commented on the unexpected global growth in 2023 and the expected moderation in 2024, emphasising India's solid momentum and potential despite global uncertainties.

Economic Outlook and Sector Performance:

- GDP Forecast: CRISIL projects India's GDP growth to slow to 6.8% in fiscal 2025 due to high interest rates and other factors.

- Corporate Bonds and Bank Credit: Bond issuances grew by 9% and bank credit by 16.5%, showing strong demand from retail and services sectors.

Explore: Company Annual Results

Business Segment Performances:

- CRISIL Ratings: Led in corporate bond ratings with an 11.7% revenue increase.

- Global Analytical Center (GAC): Noted robust delegation of surveillance work.

- Ratings Services: Achieved an 8.4% revenue growth.

- Global Research and Risk Solutions (GRandRS): Focused on lending solutions and regulatory support, adding new clients.

- Global Benchmarking Analytics (GBA): Strengthened client engagement and developed new analytical solutions.

- Market Intelligence and Analytics (MlandA): Gained traction in credit, risk, data analytics, and consulting services.

- Research, Analytics and Solutions: Saw a modest revenue growth of 1.3%.

Corporate and Community Initiatives:

- CRISIL India Outlook Seminar: Hosted the 8th edition focusing on 'Pivots, pillars, and pace'.

- Sector-Specific Webinars: Covered diverse sectors including hospitality, capital goods, and textiles.

- GRandRS and GBA Publications: Released insights on private markets, banking trends, and sustainable finance.

- CRISIL Foundation: Expanded its outreach through the 'Mein Pragati' program, impacting over 250,000 rural community members.

About CRISIL

CRISIL is a globally renowned analytics company recognized for its agility and innovation. Our core mission is to enhance market functionality through our comprehensive services. As India's premier provider of ratings, data, research, analytics, and solutions, we distinguish ourselves with a robust growth history, a culture steeped in innovation, and a significant global presence. Operating across key international markets including the United States, the United Kingdom, Argentina, Poland, China, Hong Kong, Singapore, and the United Arab Emirates, we have provided independent, actionable insights and efficient solutions to over 100,000 clients. CRISIL is primarily owned by SandP Global Inc., a world leader in transparent and independent ratings, benchmarks, analytics, and data serving capital and commodity markets globally.

Our client base is diverse, encompassing micro to large enterprises, leading global financial institutions, investors, commercial and investment banks, insurance companies, private equity firms, and asset managers worldwide. We also engage with government bodies and policymakers focused on infrastructure in India and other emerging markets, assisting in their developmental agendas.

CRISIL's analytical services empower stakeholders across financial sectors by enhancing decision-making capabilities. We assist our clients in managing and mitigating risks, refining pricing and valuation strategies, accelerating market entry, increasing revenue, and boosting returns. Furthermore, our contributions to public policy formulation in infrastructure help drive economic growth and development in emerging markets, reinforcing our commitment to adding substantial value beyond financial metrics.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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