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

24 Apr 2022 , 08:16 AM

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%