CRISIL Q1 Results Revenue Declines 19.62% QoQ but Increases 3.19% YoY

CRISIL Growth Comparison 

CRISIL Q1 Results: In CRISIL's Q1 financial results, the company reported a total revenue of 737.68 crores, which is a significant decrease of 19.62% compared to the previous quarter and a small increase of 3.19% compared to the same period last year. The company's expenses for selling, general, and administrative costs were 496.92 crores, down by 15.22% from the previous quarter, but up by 8.34% compared to the previous year. 

CRISIL Depreciation and amortization costs were 17.02 crores, which is a 32.49% drop from the last quarter and a 34.54% drop from the previous year. Other operating expenses were 48.64 crores, showing a slight decrease of 1.46% from the last quarter and an increase of 5.56% from the previous year. Total operating expenses were 562.58 crores, a decrease of 14.85% quarter-over-quarter and an increase of 6.00% year-over-year. Operating income, which is the profit before interest and taxes, was 175.10 crores, down by 31.88% from the last quarter and 4.91% from the previous year. 

CRISIL Net income before taxes was 195.49 crores, down by 29.88% from the last quarter but up by 0.96% from the previous year. Net income, or the profit after all expenses, was 137.72 crores, a decrease of 34.46% from the last quarter and 5.51% from the previous year. The diluted normalized earnings per share (EPS), which reflects the company’s profitability per share, fell to 18.83, down by 34.48% from the last quarter and 5.57% from the previous year.

Here's a summary of CRISIL's Q1 results:

(Figures in Crores)

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CRISIL Q1 Results 

CRISIL's financial results for the three months ending June 30, 2024, show how well the company has done. For the consolidated report, CRISIL earned ₹797.35 crore from its main business activities and ₹18.09 crore from other sources, totaling ₹815.44 crore in income. After subtracting various expenses, including employee salaries (₹447.51 crore), professional fees (₹31.72 crore), travel costs (₹11.54 crore), and other expenses (₹67.31 crore), the company had total expenses of ₹607.48 crore. 

This left a profit of ₹207.96 crore before tax. After accounting for a tax expense of ₹57.85 crore, CRISIL’s net profit was ₹150.11 crore. The company's other comprehensive income, which includes adjustments not directly related to daily operations, was a loss of ₹10.99 crore. This resulted in a total comprehensive income of ₹139.12 crore. For standalone results, CRISIL earned ₹396.44 crore from its main operations and ₹96.51 crore from other sources, totaling ₹518.63 crore. 

After expenses of ₹369.87 crore, the profit before tax was ₹148.76 crore, leading to a net profit of ₹128.37 crore after taxes. The company's other comprehensive income was a gain of ₹14.47 crore, bringing the total comprehensive income to ₹113.90 crore.

Here is a simplified summary of CRISIL's financial results for the three months and six months ended June 30, 2024, for both consolidated and standalone statements:

CRISIL Stock Metrics 

CRISIL is a global analytical company that provides ratings, research, risk, and policy advisory services. The table shows various financial metrics of a company. The Market Cap (₹33,778 Crore) indicates the total value of all its shares. The Current Price (₹4,619) is the price of one share right now. High / Low shows the highest (₹5,268) and lowest (₹3,661) share prices over a period. Stock P/E (52.0) reflects how expensive the stock is relative to its earnings. 

Sure, here's the information in a table format:

Quarterly Results 

In the quarters of December 2023, March 2024, and June 2024, CRISIL's financial results showed some key trends. Sales increased from ₹918 crores in December 2023 to ₹797 crores by June 2024, reflecting strong revenue. Expenses were highest in December 2023 at ₹649 crores but dropped to ₹591 crores by June 2024. Operating profit, which measures efficiency, peaked at ₹269 crores in December 2023 but decreased to ₹207 crores by June 2024. 

Here's the transposed data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About CRISIL 

CRISIL is a global company based in Mumbai, India, that specializes in providing important information and analysis to help businesses and governments make better decisions. The company is known for its ratings, data, research, and analytical services. CRISIL operates in many countries around the world, including the United States, the United Kingdom, China, Singapore, and the United Arab Emirates.

CRISIL was founded in 1987 and is now majority owned by S&P Global Inc., a leading company in ratings and financial data. CRISIL’s clients include small and medium-sized businesses, large companies, investors, and governments. The company provides valuable insights and solutions that help these clients manage risks, make pricing and valuation decisions, and improve their overall performance. CRISIL’s work also supports public policy on infrastructure, especially in emerging markets, which helps boost economic growth in those regions.