Crisil Q1 consolidated net up 10%

Crisil, a subsidiary of global rating agency Standard & Poor's, today reported a 10% increase in consolidated net profit at Rs 8.92 crore for the first quarter ended March 31, 2006 when compared with Rs 8.11 crore in Q1FY05.

According to a release issued to the BSE today, consolidated income increased 44% to Rs 56.98 crore from Rs 39.68 crore.

The consolidated accounts include the accounts of Crisil Research and
Information Services, Crisil MarketWire, Global Data Services of India,
Crisil Properties, Gas Strategies Group (UK) and its subsidiaries, Irevna
Research Services, Irevna Limited (UK) and its subsidiary.

The rating agency reported a 17% fall in stand-alone net profit at Rs 7.92 crore for the first quarter ended March 31, 2006 from Rs 9.59 crore as staff and establishment expenses rose sharply. Income during the first quarter was up 5% at Rs 33.92 crore from Rs 32.27 crore in the first quarter of 2005.