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Crisil reported a sharp rise in its financial performance for the first quarter of the current fiscal, with net profit increasing nearly 46 per cent year-on-year. The rating agency also recorded strong growth in total income, supported by steady demand for its risk and analytics services. While the company highlighted resilience in business operations, it flagged rising global uncertainties that could impact India's economic outlook. Crisil maintained a base case GDP growth estimate of 7.1 per cent for the fiscal, with risks tilted to the downside if geopolitical disruptions continue.
Crisil reported a 45.9 per cent increase in its net profit to INR 233.3 crore for the January-March quarter, compared to INR 159.8 crore in the same period last year. Advertisement
The company's consolidated total income rose 29.6 per cent to INR 1,093.7 crore, up from INR 843.8 crore in the corresponding quarter of the previous fiscal. The growth reflects continued demand across its ratings, research and risk advisory businesses.
Managing Director and CEO Amish Mehta stated that the company's performance in the first quarter of FY26 was supported by a strong focus on customer needs and differentiated, domain-led solutions. He indicated that ongoing geopolitical challenges have reinforced the importance of Crisil's insights and risk management offerings for clients dealing with uncertain conditions. He also noted that the resilience of the Indian economy continues to create opportunities for the company's business segments.
Crisil has projected India's GDP growth at 7.1 per cent for the current fiscal, lower than the 7.6 per cent recorded in the previous year. The agency highlighted that risks to this estimate remain on the downside due to global uncertainties.
It further indicated that if geopolitical conflicts and related disruptions continue through April, GDP growth could slow to 6.8 per cent. This would largely be due to potential energy supply constraints and an increase in input and logistics costs across sectors.
At the same time, the agency expects private consumption to remain a key support for economic growth, supported by stable energy supply and controlled fuel prices for consumers.
Crisil also announced an interim dividend of INR 9 per share.
Following the results, the company's shares were trading at INR 4,332.20 on the BSE, marking a gain of 5.28 per cent over the previous close.
Source PTI
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