Shares of ratings agency Crisil today surged nearly 14 per cent after the company posted a 40 per cent rise in its consolidated net profit for the quarter ended March.
The stock zoomed 13.16 per cent to Rs 2,244.40 on BSE.
On NSE, it advanced 13.59 per cent to Rs 2,244.40.
Stock markets were shut yesterday for 'Mahavir Jayanti'.
Crisil yesterday posted a 40 per cent rise in consolidated net profit at Rs 78.6 crore for the first quarter to March.
The company's net profit stood at Rs 56.32 crore in the January-March quarter of last year.
It follows January-December fiscal calender as against April-March by most Indian companies.
Crisil's total income increased to Rs 368.57 crore for the quarter from Rs 310.72 crore in the year-ago period, it had said in a BSE filing.
On a stand-alone basis, Crisil's net profit was up 44 per cent at Rs 65.64 crore in the first quarter of this year.
The stand-alone income rose to Rs 267.2 crore during the quarter under review as against Rs 227.3 crore a year ago.
The Crisil board has declared an interim dividend of Rs 5 per share for the financial year ending December 2016.
