Crisil reports net of Rs 69 cr

Credit ratings firm Crisil today reported net profit of Rs 69.42 crore -- flat from a year ago -- for the September quarter.
It had registered net profit of Rs 69.96 crore in the corresponding July-September quarter of last fiscal ended December 2016.
"Crisil's consolidated income from operations was up 5.6 per cent to Rs 410.41 crore during the quarter, compared with Rs 388.76 crore in the corresponding quarter of 2016," it said in a press statement.
Also, the board of directors of the company declared a third interim dividend of Rs 6 per share for the financial year ending December 31.

"All our key business verticals -ratings, research and advisory--delivered healthy growth during the quarter. While large corporate ratings and infrastructure advisory services led growth for Crisil's domestic business, internationally Crisil Coalition did well.
"Our operating margins improved with our initiatives on cost optimisation," said Ashu Suyash, Managing Director & Chief Executive Officer, Crisil said.
Stock of the company today closed 1.66 per cent up at Rs 1,868.55 on BSE.