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Hot Pursuit News

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(16 Jul 2024, 13:31)

CRISIL delivers muted performance in Q2; board OKs interim dividend of Rs 8/share

CRISIL has reported a consolidated net profit of Rs 150.11 crore in Q2 2024, which is marginally lower as compared with the PAT of Rs 150.58 crore posted in Q2 2023.

Consolidated income from operations rose 3.4% to Rs 797.4 crore in Q2 2024, compared with Rs 771 crore in the corresponding quarter of the previous year.

The company’s Ratings business grew 11.4% year-over-year, while the Research, Analytics & Solutions business grew 0.8% year-over-year in in Q2 2024.

Profit before tax increased 6.7% to Rs 208 crore in Q2 2024, compared with Rs 195 crore in the corresponding quarter of the previous year.

The company’s board of directors has declared an interim dividend of Rs 8 per share in the current quarter for the financial year ending 31 December 2024.

Amish Mehta, managing director and CEO, CRISIL, said: "Global GDP growth is holding up, with the U.S. and India leading the way. India's economy will continue to be on a robust growth...

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