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Mumbai, April 23

Crisil Ltd said its consolidated net profit for the first quarter grew 74 per cent and its revenues 32 per cent as demand for ratings across sectors and for bank loan ratings grew. Net profit for the quarter amounted to Rs 31.48 crore against Rs 18 crore in the same year-ago quarter. Revenues grew to Rs 119.95 crore from Rs 90.72 crore. Rating services accounted for Rs 44.6 crore in revenues (Rs 28.16 crore), while research service revenues amounted to Rs 51.5 crore (Rs 35.3 crore), both segments registering substantial growth. Revenues from advisory services, however, fell, to Rs 20.62 crore (Rs 25.91 crore). On a standalone basis, the company’s net profit grew nearly three-fold, to Rs 28.7 crore from Rs 7.46 crore. Revenues more than doubled to Rs 90.18 crore from Rs 44.58 crore. The company’s stock gained Rs 279.35 Wednesday on BSE to close at Rs 3,532.

— Our Bureau

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