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Crisil Q3 net profit up 75%

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Press Trust of India Mumbai

Ratings agency Crisil today reported an over 75 per cent jump in its consolidated net profit at Rs 75.44 crore for the third quarter ended September 30, 2010.

It had a consolidated net profit of Rs 43.06 crore during the corresponding quarter of last fiscal, Crisil said in a filing to the Bombay Stock Exchange.

The ratings agency also reported an increase of almost 20 per cent in its total income during the third quarter at Rs 159.11 crore as against Rs 132.88 crore in the year-ago period.

Crisil's board has declared an interim dividend of Rs 25 per share having nominal value of Rs 10 each.

During the quarter under review, the firm entered into an agreement to purchase the business of investment research services player Pipal Research Corporation.

Besides, it also released its 5,000th bank loan rating during the last quarter and launched star ratings service for the real estate segment.

 

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First Published: Oct 18 2010 | 7:23 PM IST

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