Crisil net inches up 7.5 pc to Rs 70 cr in June quarter

Credit rating agency Crisil today reported 7.5 per cent growth in consolidated net profit to Rs 69.81 crore for the quarter to June.
Consolidated revenue rose 13.8 per cent to Rs 375.10 crore in the second quarter from Rs 329.56 crore a year ago.
"Crisil continues to deliver strong overall performance driven by growth in its international businesses, especially in the research and risk and analytics verticals, while domestic businesses held ground despite weak investment cycle and low credit off-take," Crisil Managing Director and Chief Executive Ashu Suyash said.
In an environment of weak bond issuances and muted demand for working capital, the ratings business focused on maintaining its market position and continued to step up engagements with market participants and customers, while working on innovative structures and products, she said.

The delay in the roll-out of the new National Small Industries Corporation subsidy scheme impacted mandates for SME ratings.
Crisil's Global Analytical Centre registered growth in the quarter by providing increased support to S&P Global, she added.