CRISIL logs 45.6% growth in PAT for Q1FY22; stock climbs ~4%

22 Apr 2022 , 01:43 PM

CRISIL Limited reported consolidated income from operations for the quarter ended March 2022 at Rs594.90 crore as compared to Rs495.2 crore for FY21, reporting a jump of 20.10% yoy.

Its PAT for the quarter grew by 45.60% yoy at Rs121.60 crore as compared to Rs83.50 crore in the previous corresponding quarter.

The company has also declared an interim dividend of Rs7 per share of Rs1 each in the current quarter ended March 2022.

The company stated that the first quarter of 2022 was marked by the highly transmissible third Covid-19 wave, leading to temporary disruption of economic activities.

The inflationary trends, elevating interest rates in the developed economies, and geopolitical situation led to additional volatility and impacted investor appetite in the global markets.

Despite this challenging scenario, CRISIL Ratings’ revenue jumped 13.4% in Q1FY22. Overall, the Rating segment revenue grew 9.7% in Q1FY22.

Its India Research business recorded growth in the quarter, on the back of increased traction for fixed-income research, data solutions, and industry research.

CRISIL’s counter was trading 3.59% higher at Rs3,371.15 against its previous close of Rs3,254.45 on NSE. It touched intraday high and low of Rs3,446 and Rs3,290.05 respectively so far.