Credit Analysis and Research gains on strong Q2 results

Credit Analysis and Research rose 3.76% to Rs 1,362.20 at 14:40 IST on BSE after the company reported 49.51% rise in net profit to Rs 52.41 crore on 37.07% rise in total income to Rs 96.94 crore in Q2 September 2014 over Q2 September 2013.

The result was announced after market hours on Friday, 14 November 2014.

Meanwhile, the S&P BSE Sensex was up 52.56 points or 0.19% at 28,099.22.

On BSE, so far 8,506 shares were traded in the counter as against average daily volume of 9,518 shares in the past one quarter.

The stock hit a high of Rs 1,377.60 and a low of Rs 1,335 so far during the day. The stock had hit a record high of Rs 1,588.95 on 23 September 2014. The stock had hit a 52-week low of Rs 661.15 on 26 November 2013.

The mid-cap Indian credit rating agency has an equity capital of Rs 29 crore. Face value per share is Rs 10.

Credit Analysis and Research's net profit margin increased to 54.1% in Q2 September 2014 from 49.6% in Q2 September 2013. EBITDA (earnings before interest, taxes, depreciation and amortization) margin also increased to 76.4% in Q2 September 2014 from 75% in Q2 September 2013. Improvement in profit margin was on account of a sustained increase in income from operations as well as other income relative to increase in expenditure. Diluted Earning per share was higher at Rs 17.96 in Q2 September 2014 compared with Rs 12.27 in Q2 September 2013. Other income increased by 4.2 times to Rs 22.69 crore in Q2 September 2014 over Q2 September 2013.

The company has announced a special dividend of Rs 65 per share with the purpose of sharing cash surpluses with the shareholders.

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