Crisil Limited, a subsidiary of S&P Global, has announced its audited financial results for Q3 FY25, reflecting a mixed performance across its revenue and profitability metrics.
Key Financial Highlights:
- Income from operations: Rs 912.91 crore, a 0.5% decline YoY from Rs 917.74 crore in Q3 FY24.
- Total income: Rs 943.15 crore, down 0.8% YoY from Rs 951.0 crore in Q3 FY24.
- Profit before tax (PBT): Rs 294.49 crore, an increase of 5.6% YoY from Rs 278.81 crore in Q3 FY24.
- Final dividend: Rs 26 per share declared, taking the total dividend for FY25 to Rs 56 per share, compared to Rs 54 per share in the previous year.
- Net Profit of Period – Rs 224.69 crore, up 7.03% YoY from Rs 210.12 crore
Full-Year FY25 Highlights:
- Consolidated revenue: Rs 3,259.78 crore, reflecting a growth of 3.8% YoY from Rs 3,139.52 crore in FY24.
- Total income: Rs 3,349.42 crore, marking a 3.6% increase YoY from Rs 3,233.16 crore.
- Profit before tax (PBT): Rs 926.47 crore, a 6.8% increase from Rs 867.70 crore in FY24.
Segment Performance:
- Ratings Services:
- Q3 revenue: Rs 253.86 crore, up 21.1% YoY.
- Full-year FY25 revenue: Rs 909.15 crore, reflecting a 17.4% increase YoY.
- Research, Analytics, and Solutions:
- Q3 revenue: Rs 659.05 crore, down 6.9% YoY.
- Full-year FY25 revenue: Rs 2,350.63 crore, a slight dip of 0.7% YoY.
Business Highlights:
- Strategic brand transformation: Crisil has consolidated its various business units under a unified brand identity to enhance its global client offerings.
- New growth areas: The Crisil Global Analytics Center (GAC) saw increased demand for surveillance and analytics from S&P Global Ratings.
- ESG Ratings Business: Crisil’s Board of Directors approved the transfer of its ESG business to a newly formed step-down subsidiary.
Outlook and Commentary:
Amish Mehta, Managing Director & CEO of Crisil, emphasized the organization’s focus on aligning its growth with India’s long-term economic prospects. The company expects India’s GDP to grow at 6.5% in the next fiscal, driven by easing inflation and lower interest rates.
The board highlighted continued growth in bond issuances and an uptick in corporate ratings. However, the research segment faced headwinds due to discretionary spending cuts by global clients.
Dividend and Shareholder Returns:
Crisil declared a final dividend of Rs 26 per share, bringing the total dividend for FY25 to Rs 56 per share, reinforcing its commitment to shareholder returns.
Conclusion:
Crisil’s performance demonstrates resilience amidst external challenges. The company’s strategic brand restructuring, focus on emerging market needs, and steady growth in ratings services position it well for sustainable long-term growth.
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