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Home » Top News » CRISIL Ltd Q1 PAT up 45.62% to Rs121.62cr on 80% growth in research services EBITDA
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CRISIL Ltd Q1 PAT up 45.62% to Rs121.62cr on 80% growth in research services EBITDA

CRISIL Ltd reported 20.14% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs594.94cr

April 24, 2022 8:16 IST | India Infoline News Service
CRISIL Ltd reported 20.14% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs594.94cr. On a sequential basis, the revenues were lower for the quarter by -15.73% due to the impact of geopolitical risk.

Also, on a sequential basis, the corporate bond issues market fell sharply, which led to a sharp fall in the research services revenue, although the rating services revenues were not impacted on a sequential basis.

The revenues are likely to improve to normalized levels with bond activity resuming.

The consolidated net profit for Q4 was up 45.62% to Rs121.62cr, while the profits were down by -27.88% on a sequential basis.

Despite the flat rating revenues, the rating operating profits were up by 10% on a yoy basis. However, it was the 80% growth in operating profits on research services yoy that did the trick.

Sequential profits were pressured due to the impact of global tightness. Net margins stood at 20.44% in Mar-22 quarter compared to 16.87% in Mar-21. The net profit margins were lower by 344 basis points on a sequential basis, compared to Dec-21 quarter.


Financial highlights for Mar-22 compared yoy and sequentially


CRISIL Ltd
Rs in Crore Mar-22 Mar-21 YOY Dec-21 QOQ
Total Income (Rs cr) ₹ 594.94 ₹ 495.20 20.14% ₹ 706.02 -15.73%
Net Profit (Rs cr) ₹ 121.62 ₹ 83.52 45.62% ₹ 168.63 -27.88%
Diluted EPS (Rs) ₹ 16.66 ₹ 11.49 ₹ 23.11
Net Margins 20.44% 16.87% 23.88%
 

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