CRISIL

PAT up healthy 14%

CRISIL has posted 6% growth in the consolidated income from operations to Rs 843.02 crore for the quarter ended June 2025, compared with Rs 797.35 crore in the corresponding quarter of the previous year. Consolidated total income for the quarter ended June 2025, moved up 6% to Rs 866.55 crore, compared with Rs 815.44 crore in the corresponding quarter of the previous year. Net profit improved 14% to Rs 171.57 crore in Q2CY2025.

Profit before tax for the quarter ended June 2025, increased 8% to Rs 224.97 crore, compared with Rs 207.96 crore in the corresponding quarter of the previous year. Sales of Rating Services segment improved 18% to Rs 250.73 crore (accounting for 29.7% of total sales). Sales of Research & Information Services segment rose 1% to Rs 592.29 crore (accounting for 70.3% of total sales).

Profit before interest, tax and other unallocable items (PBIT) increased 6% to Rs 221.38 crore. PBIT of Rating Services segment jumped 19% to Rs 102.59 crore (accounting for 46.3% of total PBIT). PBIT of Research & Information Services segment declined 3% to Rs 118.79 crore (accounting for 53.7% of total PBIT).

PBIT margin of Rating Services segment was flat at 40.9%. PBIT margin of Research & Information Services segment eased to 20.1%.

Operating profit margin has improved yoy from 25.9% to 28.3%, leading to 16% jump in operating profit to Rs 238.77 crore. Employee expenses rose 3% to Rs 462.77 crore and other expenses increased 2% to Rs 68.7 crore in the quarter ended June 2025, professional fees jumped 14% and associate services fees rose 12%.

Other income jumped 30% to Rs 23.53 crore. PBIDT increased 17% to Rs 262.30 crore. Provision for interest surged 768% to Rs 5.64 crore. PBDT moved up 15% to Rs 256.66 crore.

Provision for depreciation jumped 96% to Rs 31.69 crore. Profit before tax grew 8% to Rs 224.97 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 53.40 crore, compared to Rs 57.85 crore. Effective tax rate was 23.7% compared to 27.8%.

Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 14% to Rs 171.57 crore in Q2CY2025.

Says Amish Mehta, Managing Director & CEO, Crisil, The Indian economy continues to show strength in the face of global uncertainties, with public investments, favorable monsoon, low inflation and healthy external markers supporting growth. 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. We are maintaining our momentum and continuing to deliver value to stakeholders.

Other updates

Corporate bond issuances grew 62% yoy in Q2CY2025, albeit on a low base, driven by some large issuances. Bank credit continues to witness growth moderation at 9% yoy in May 2025 (16.2% in May 2024) following sluggishness in both the wholesale and retail segments. Large industry credit growth slowed down to 1 % yoy at end May 2025 (6.6% in May 2024).

Crisil Ratings continues to strengthen its leadership in corporate bond ratings while driving growth in bank loan ratings. Revenue of Crisil Ratings grew 15.7% yoy in Q2CY2025.

Global Analytics Centre saw growth driven by new engagements with S&P Global.

The rating services segment revenue grew 18.0% yoy in Q2CY2025.

Crisil Integral IQ showed resilience amid curtailed discretionary spending by global clients. The business saw momentum and wins on the buy-side and in risk solutions. Crisil Coalition Greenwich continues to focus on deepening client engagement and developing new benchmarking solutions. The businesses added new logos during the quarter.

Crisil Intelligence saw traction in data analytics, consulting, credit and risk solutions segments. The research, analytics and solutions segment revenue grew 1.3% yoy in Q2CY2025.

Consolidated Performance ?H1CY2025

Crisil`s consolidated income from operations for the half year ended June 2025 (H1CY2025) was up 7.9% to Rs 1656.2 crore, compared with Rs 1535.0 crore in the corresponding period of the previous year. Consolidated total income for H1CY2025, rose 8.6% to Rs 1710.3 crore, compared with Rs 1574.2 crore in the corresponding period of the previous year.

Profit before tax for H1CY2025 was up 12.1 % to Rs 452.2 crore, compared with Rs 403.5 crore in the corresponding period of the previous year. Profit after tax was up 15.1 % to Rs 331.4 crore, compared with Rs 287.8 crore in the corresponding period of the previous year.

Crisil : Consolidated Results
	2506 (3)	2406 (3)	Var. (%)	2506 (6)	2406 (6)	Var. (%)	2412 (12)	2312 (12)	Var. (%)
Income from Operations	843.02	797.35	6	1656.2	1535.03	8	3259.78	3139.52	4
OPM (%)	28.3	25.9		28.4	26.0		27.9	28.1
OP	238.77	206.65	16	470.77	398.77	18	910.81	881.5	3
Other income	23.53	18.09	30	54.12	39.18	38	89.64	93.64	-4
PBIDT	262.3	224.74	17	524.89	437.95	20	1000.45	975.14	3
Interest	5.64	0.65	768	11.19	1.35	729	4.03	3.66	10
PBDT	256.66	224.09	15	513.7	436.6	18	996.42	971.48	3
Depreciation	31.69	16.13	96	61.46	33.15	85	69.95	103.78	-33
PBT	224.97	207.96	8	452.24	403.45	12	926.47	867.7	7
Share in profit/loss of associates	0	0	-	0	0	-	0	0	-
PBT before EO	224.97	207.96	8	452.24	403.45	12	926.47	867.7	7
EO	0	0	-	0	0	-	0	0	-
PBT after EO	224.97	207.96	8	452.24	403.45	12	926.47	867.7	7
Tax	53.4	57.85	-8	120.83	115.62	5	242.4	209.26	16
PAT before MI	171.57	150.11	14	331.41	287.83	15	684.07	658.44	4
Minority Interest	0	0	-	0	0	-	0	0	-
PAT after MI	171.57	150.11	14	331.41	287.83	15	684.07	658.44	4
EPS (Rs)*	#	#		#	#		93.6	90.1
* Annualised on current equity of Rs 7.31 crore. Face Value: Rs 1 each
*EPS is calculated after excluding EO items
#EPS not annualised due to seasonality of business
EO: Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database

 

Crisil : Consolidated Segment Results
	% of total	2506 (3)	2406 (3)	Var. (%)	% of total	2506 (6)	2406 (6)	Var. (%)	% of total	2412 (12)	2312 (12)	Var. (%)
Segment Revenue
Rating Services	29.7	250.73	212.50	18	31.3	518.61	414.67	25	27.9	909.15	772.39	18
Research, Analytics and Solutions	70.3	592.29	584.85	1	68.7	1137.59	1120.36	2	72.1	2350.63	2367.13	-1
Total Sales	100.0	843.02	797.35	6	100.0	1656.20	1535.03	8	100.0	3259.78	3139.52	4
Less:- Inter Segment Revenue		0.00	0.00			0.00	0.00			0.00	0.00
Net Sales/Income from operation	100.00	843.02	797.35	6	100.0	1656.20	1535.03	8	100.0	3259.78	3139.52	4
Segment Result (PBIDT)
Rating Services	46.3	102.59	86.47	19	51.8	235.45	187.80	25	44.1	398.01	334.65	19
Research Services	53.7	118.79	122.33	-3	48.2	219.31	209.16	5	55.9	505.21	493.63	2
Total	100.0	221.38	208.80	6	100.0	454.76	396.96	15	100.0	903.22	828.28	9
Add: Unallocable Income net of unallocable Expenses		22.43	10.57	112		33.46	30.23	11		72.39	91.69	-21
Less: Depreciation		18.84	11.41	65		35.98	23.74	52		49.14	52.27	-6
Add: Unallocable Income net of unallocable Expenses		0.00	0.00	-		0.00	0.00	-		0.00	0.00	-
Profit Before Tax		224.97	207.96	8		452.24	403.45	12		926.47	867.70	7
Figures in Rs crore, PL: Profit to Loss, LP: Loss to Profit
Source: Capitaline Corporate Database

 

Powered by Capital Market - Live News