S&P Global | Business Upturn

Crisil reports 30.1% rise in income from operations for Q1 FY26

Yash Agarwal — Fri, 17 Apr 2026 07:11:11 +0000

Crisil Limited has announced a significant increase in its financial performance for the first quarter of the fiscal year 2026, with income from operations rising by 30.1% to ₹1,057.7 crore. This compares favourably to ₹813.2 crore in the corresponding quarter of the previous year.

The company’s consolidated total income for the quarter also saw an increase of 29.6%, reaching ₹1,093.7 crore compared to ₹843.8 crore in the same period last year. Profit before tax (PBT) rose by 35.7% to ₹308.4 crore, up from ₹227.3 crore in the previous year’s corresponding quarter. Profit after tax (PAT) increased by 45.9% to ₹233.3 crore, compared to ₹159.8 crore in the same quarter last year.

A favourable foreign exchange movement contributed to Crisil‘s PBT earnings, with a gain of ₹14.4 crore in Q1 FY26, contrasting with a loss of ₹5.2 crore in the same period in 2025. The company declared an interim dividend of ₹9 per share.

Amish Mehta, Managing Director and CEO of Crisil, highlighted the company’s growth driven by customer-centric and domain-led solutions amidst ongoing geopolitical issues. He noted the resilience of the Indian economy and Crisil’s focus on increasing market share in core markets, expanding into new client segments and geographies, and investing in generative artificial intelligence (GenAI), digitalisation, and future-ready talent.

Crisil expects India’s GDP to grow at 7.1% in the base case for this fiscal, with potential downside risks that could slow growth to 6.8% if geopolitical conflicts persist. The company noted a 12% year-on-year decline in corporate bond issuance by volume in Q1 FY26, while bank credit increased by 14.5% as of February 2026.

Crisil Ratings maintained its leadership position with an 18.9% revenue growth in Q1 FY26. The Global Analytics Center expanded its support to S&P Global Ratings, contributing to a 20.2% growth in the ratings segment revenue. The Research, Analytics and Solutions segment saw a 34.9% revenue increase year-on-year in Q1 FY26.

Crisil’s strategic initiatives, including the launch of Crisil i360, a unified intelligence platform, and investments in GenAI solutions, have enhanced client experience and operational efficiency. The company received industry recognition as a Category Leader in AI Governance Solutions by Chartis Research and as a ‘Market Disruptor’ in Financial Crime and Compliance.

Crisil Foundation continued its community impact through programmes like Mein Pragati and Crisil RE, with significant outreach and environmental initiatives.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Hexaware honoured in S&P Global Sustainability Yearbook 2026, ranks in top 10% of IT services industry

Business Desk — Tue, 10 Mar 2026 05:48:40 +0000

Hexaware Technologies, a global provider of digital and IT solutions, has been recognised in the S&P Global Sustainability Yearbook 2026. The company ranked in the top 10% of its industry in the 2025 S&P Global Corporate Sustainability Assessment (CSA), scoring 83 out of 100 as of February 11, 2026.

The inclusion in the Yearbook is a significant achievement, as only 848 out of more than 9,200 companies assessed across 59 industries made it into the Yearbook. To qualify, companies must score within the top 15% of their industry and within 30% of the top-performing company in that industry. The assessment evaluates environmental, social, and governance performance against industry-specific criteria.

R Srikrishna, CEO and Executive Director of Hexaware, expressed pride in the recognition, stating that sustainability is integral to the company’s long-term strategy. Uma Thomas, Chief Risk Officer, highlighted the importance of governance and risk management in achieving such a score.

Hexaware plans to continue enhancing its performance across all dimensions of the CSA, integrating sustainability into its growth strategy. More information on Hexaware’s ESG initiatives can be found on their website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Crisil unveils new brand identity, embracing a progressive vision for the future

Matrika Shukla — Thu, 09 Jan 2025 12:12:51 +0000

Crisil Limited, a leading global analytics and ratings company, has unveiled a new brand identity as part of its strategic transformation. The rebranding sees the company simplify its name to “Crisil” (from the earlier all-uppercase “CRISIL”) and adopt a fresh logo that symbolizes its progressive vision and enduring commitment to empowering mission-critical decisions with confidence.

The redesigned logo features bold black lettering to signify excellence and reliability, complemented by teal-accented business logos to convey trust and expertise. The move underscores Crisil’s evolution into a more cohesive, client-centric organization while honoring its legacy of nearly four decades.

The new brand aligns Crisil’s diverse businesses — Crisil Ratings, Crisil Intelligence (formerly MI&A), Crisil Coalition Greenwich, and Crisil Integral IQ (formerly GR&RS) — under a unified identity. The aim is to provide a consistent and connected experience to clients globally.

Amish Mehta, Managing Director and CEO of Crisil remarked, “Our reimagined brand expresses a more progressive vision of our future. It celebrates a pioneering and illustrious past while showcasing our commitment to delivering actionable insights to clients. Our people’s analytical rigor and domain expertise will continue to set standards and empower clients to make mission-critical decisions with confidence.”

Crisil’s rebranding reflects its comprehensive expertise in risk assessment, data analytics, and research. Key offerings include:

Crisil Ratings: Independent credit ratings that drive informed decisions for lenders, investors, and issuers in India.
Crisil Intelligence: Advanced data analytics, consulting, and risk solutions for enterprises and governments worldwide.
Crisil Coalition Greenwich: Benchmarking and actionable insights tailored to the financial services industry.
Crisil Integral IQ: Strategic intelligence to optimize risk and drive operational excellence for financial institutions globally.

Headquartered in Mumbai, Crisil’s influence spans the Americas, Asia-Pacific, Europe, Australia, and the Middle East. Majority-owned by S&P Global, Crisil continues to be a trusted partner for businesses seeking reliable insights to turn risks into opportunities.

Adani Power achieves top 80 percentile in global electric utilities for sustainability

Matrika Shukla — Thu, 28 Nov 2024 11:18:13 +0000

Adani Power Ltd., a leading player in India’s energy sector and part of the Adani Group, has made remarkable strides in its commitment to sustainability. The company has secured an exceptional score of 67 out of 100 in the Corporate Sustainability Assessment (CSA) by global rating agency S&P Global for the fiscal year 2023-24. This places Adani Power in the top 80 percentile of all global electric utilities.

In comparison to the sectoral average score of 42, Adani Power’s score of 67 marks a significant improvement from the company’s own score of 48 in FY23. Notably, the company ranked in the top 100 percentile in key areas such as Human Rights, Transparency & Reporting, Water, and Waste & Pollution. In Energy, Occupational Health & Safety, and Community Relationship, Adani Power also secured a position in the top 90 percentile, reflecting the company’s robust sustainability practices.

The S&P Global CSA Score, now synonymous with the S&P Global ESG Score, evaluates a company’s environmental, social, and governance (ESG) performance based on its disclosures, media analysis, and stakeholder engagement. This prestigious recognition is a testament to Adani Power’s dedication to integrating ESG principles into its operations and advancing sustainability across its business model.

As India’s largest private thermal power producer, Adani Power operates a total thermal power capacity of 17,510 MW across several states including Gujarat, Maharashtra, Karnataka, and Rajasthan, along with a 40 MW solar power plant in Gujarat. With a focus on leveraging technology and innovation, the company aims to provide high-quality, affordable electricity while contributing to India’s vision of becoming a power-surplus nation.

India to become third largest economy of world by 2030: S&P Global

Uddeshya Thakur — Tue, 24 Oct 2023 11:05:22 +0000

India is currently the world’s fifth-largest economy and is likely to overtake Japan to become the world’s third-largest economy by 2030 with a GDP of US$ 7300 billion, said S&P Global in its report. At the same time, India will become the second-largest economy in Asia. S&P Global India Manufacturing made these claims in its latest Purchasing Managers Index (PMI).

After two years of rapid economic growth in 2021 and 2022, the Indian economy continued to show strong growth in the 2023 financial year. India’s gross domestic product (GDP) is expected to grow by 6.2-6.3 percent in the fiscal year ending March 2024. With this, the Indian economy will be the fastest growing major economy in this financial year. The growth rate of Asia’s third-largest economy was 7.8 percent in the April-June quarter.

“The near-term economic outlook is for continued rapid expansion during the remainder of 2023 and for 2024, underpinned by strong growth in domestic demand,” said S&P Global.

“India’s nominal GDP measured in USD terms is forecast to rise from USD 3.5 trillion in 2022 to USD 7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding Japanese GDP by 2030, making India the second-largest economy in the Asia-Pacific region,” as said by S&P Global.

America is currently the world’s largest economy, with a GDP of US$255 billion. After this, China is the second-largest economy with US$ 18000 billion and Japan is the third-largest economy with US$ 4200 billion. By 2022, the size of Indian GDP would have become bigger than the GDP of Britain and France. India’s GDP is expected to surpass Germany’s by 2030.