Rating agency Crisil has reported 12.64 per cent rise in net profit at Rs 35.46 crore during the first quarter amid rise in demand for ratings.
The company had a net profit of Rs 31.48 crore in corresponding quarter a year ago.
The consolidated revenues for the quarter stood at Rs 122.88 crore against Rs 106.76 crore in the corresponding period last year.
The board of directors have declared an interim dividend of 250 per cent, the company said in a press note here today.
Crisil said its revenue growth in the quarter was driven by increased demand for bank loan ratings. The company announced about 500 new bank loan ratings during the quarter. While SME ratings business continued to grow.
The company's international business consisting primarily of business with Standard & Poor's also continued to do well, the press note said.