CRISIL Ltd Q3FY22 PAT up 31% at Rs147.85 crore on the back of sharp spike in forex gains in the quarter

26 Oct 2022 , 09:46 AM

CRISIL Ltd reported 19.62% growth in total revenues for the September 2022 quarter on consolidated basis at Rs682.98cr.

Revenue growth was 2.16% in sequential terms. In terms of verticals, the rating services saw revenues grow 13% at Rs170.12 crore while revenues from research & analytics solutions vertical grew by 22% yoy at Rs513 crore.

In terms of operating profit, there was growth across both the verticals, albeit marginal.

However, the operating margins are much higher in the case of rating services as compared to research and analytics business. CRISIL has declared an interim dividend of Rs10 per share.

Consolidated Profit after tax (PAT) for September 2022 quarter was up 30.98% at Rs147.85cr and it was 8% higher on sequential basis.

The operating profit growth for both the rating and analytics vertical grew at a tepid pace. However, the real thrust to profit growth came from the near 10-fold growth in forex gains during the quarter at Rs48.26 crore.

Growth in operating profits was just 12.4% yoy. Net profit margins at 21.65% in Q3FY22 were better than 19.77% in Q3FY21 and as compared to 20.48% in Q2FY23.

Financial highlights for Sep-22 compared yoy and sequentially

	CRISIL Ltd
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 682.98	₹ 570.96	19.62%	₹ 668.54	2.16%
Net Profit (Rs cr)	₹ 147.85	₹ 112.88	30.98%	₹ 136.90	8.00%
Diluted EPS (Rs)	₹ 20.23	₹ 15.48		₹ 18.74
Net Margins	21.65%	19.77%		20.48%