Crisil shares tank over 7% on disappointing Q1 results

Shares of ratings firm Crisil today dipped over 7 per cent after the company reported an 18.03 per cent decline in consolidated net profit for the March quarter.
The stock ended 7.03 per cent lower at Rs 2,181.40 on the BSE. During the day, it tanked 8.19 per cent to Rs 2,154.
On the NSE, the scrip tumbled 6.64 per cent to Rs 2,192.50.
Crisil today reported an 18.03 per cent decline in consolidated net profit at Rs 56.32 crore in the first quarter ended March 31.
The company had reported a net profit of Rs 68.71 crore in the same period last year.

Crisil's consolidated total income decreased marginally from Rs 312.12 crore for the quarter ended March 31, 2014 to Rs 310.72 crore for the quarter ended March 31, 2015, the company said in a filing to BSE.
On a standalone basis, Crisil's net profit fell by a 10.5 per cent to Rs 45.61 crore for the first quarter ended March 31, 2015 compared with net profit of Rs 50.96 crore January-March quarter of 2013-14. It follows calender year as its fiscal.