Crisil profit rises 16.5 per cent

Rating agency Crisil has reported 16.5 per cent rise in net profit at Rs 35.46 crore during the January-March quarter amid rise in demand for ratings. The consolidated revenues for the quarter stood at Rs 122.88 crore against Rs 106.76 crore in the year ago period thanks to the increased demand for bank loan ratings.

The board of directors have declared an interim dividend of 250 per cent, the firm said. The company announced about 500 new bank loan ratings during the quarter.