Crisil net rises 38% in Jan-Mar quarter

Ratings firm Crisil today posted a 38.6% jump in consolidated net profit to Rs 68.71 crore for the quarter ended March, 2014.

 

It had reported a net profit of Rs 49.57 crore during the corresponding (January-March) quarter of previous year.

 

"Crisil's consolidated income from operations rose 21.4% to Rs 308.98 crore for the quarter ended March 31, 2014, compared with Rs 254.49 crore in the corresponding quarter of the previous year," it said in a release.

 

The company also declared an interim dividend of Rs 3 per share for the financial year ended December 31, 2014.

 

Revenue from ratings grew by over 16% over the corresponding quarter of 2013, it said, adding the loan ratings and SME ratings were the drivers of the ratings business.

 

"However, there was limited activity in the bond and securitisation markets...Growth at Crisil Research was impacted by not-so-favourable macro factors in India," it said.