Business Daily from THE HINDU group of publications
Tuesday, Jul 11, 2006
Business Daily from THE HINDU group of publications Tuesday, Jul 11, 2006 |
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Money & Banking
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Financial Performance Corporate Results - Credit Rating Crisil posts Rs 16-cr PAT in Q2 Our Bureau
Mumbai , July 10 Financial services provider and rating agency, Crisil Ltd, has posted a profit after tax of Rs 16.02 crore for the second quarter ended June 30, against Rs 5.58 crore in the corresponding quarter last year. Income from operations was at Rs 67.39 crore (Rs 37 crore). Other income was Rs 71.37 lakh Rs (47.65 lakh). Total income was Rs 68.2 crore (Rs 37.48 crore). Total expenses increased to Rs 26 crore (Rs 14.04 crore). Staff expenses increased to Rs 6.52 crore (Rs 3.52 crore). Profit before tax was Rs 21.03 crore (Rs 8.07 crore). Revenue growth was mainly driven by financial sector issuances and net initiatives of small and medium enterprise (SME) ratings and executive training. Crisil expects the market to pick up in the coming months due to revival of the securitisation market and gradual recovery in primary market for corporate bonds, said a press release from the company. The profit from ratings services was Rs 9.53 crore (Rs 8.38 crore), from advisory services it was Rs 4.53 crore against a loss of Rs 34.93 lakh, from research and information services it was Rs 8.12 crore (1.23 crore). Shares of Crisil were nearly unchanged on Monday at Rs 1400 on BSE.
More Stories on : Financial Performance | Credit Rating
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