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17-Jul-2024

CRISIL

Subdued revenue growth


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CRISIL has posted moderate 3% growth in the consolidated income from operations to Rs 797.35 crore for the quarter ended June 2024, compared with Rs 771.02 crore in the corresponding quarter of the previous year. Consolidated total income for the quarter ended June 2024, was up 3% to Rs 815.44 crore, compared with Rs 788.80 crore in the corresponding quarter of the previous year. Net profit was flat at Rs 150.11 crore.

Profit before tax for the quarter ended June 2024, increased 7% to Rs 207.96 crore, compared with Rs 194.95 crore in the corresponding quarter of the previous year.

Sales of Rating Services segment improved 11% to Rs 212.50 crore (accounting for 27% of total sales). Sales of Research & Information Services segment rose 1% to Rs 584.85 crore (accounting for 73% of total sales).

Profit before interest, tax and other unallocable items (PBIT) increased 13% to Rs 208.80 crore. PBIT of Rating Services seg...



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