CRISIL gains after good Q2 result

CRISIL rose 1.25% to Rs 2,000 at 11:18 IST on BSE after consolidated net profit rose 12.3% to Rs 64.92 crore on 10.3% rise in total income to Rs 339.91 crore in Q2 June 2015 over Q2 June 2014.

The result was declared after market hours on Friday, 17 July 2015.

Meanwhile, the BSE Sensex was down 77.04 points, or 0.27%, to 28,386.27

On BSE, so far 1,397 shares were traded in the counter, compared with an average volume of 5,388 shares in the past one quarter.

The stock hit a high of Rs 2,020.80 and a low of Rs 1,990 so far during the day. The stock hit a record high of Rs 2,365 on 17 April 2015. The stock hit a 52-week low of Rs 1,726.40 on 30 July 2014.

The large-cap company has an equity capital of Rs 7.15 crore. Face value per share is Re 1.

CRISIL said that the overall operating environment both in India and globally continued to be challenging in the second quarter of 2015. Business environment in India remained subdued during the current quarter. Capital markets remained muted with few new debt issuers approaching the market. The bank loan ratings business continued to show a steady growth. The SME Ratings business witnessed headwinds on account of limited budgetary allocation of subsidy by the Government, CRISIL said.

CRISIL Global Research and Analytics (GR&A) witnessed strong growth in revenues during the quarter driven by a strong performance in the Risk and Analytics space. The company has added a number of new clients in the areas of model validation, stress testing and banking analytics. Coalition also recorded moderate growth during the quarter due to continuing pressures in the investment banking industry, the company said.

CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services.

Powered by Capital Market - Live News