Swiggy Reports ₹625.5 Cr Net Loss in Q2 Despite Revenue Growth
Crisil Q2 Results: Revenue Up 10.3% YoY, Profit Before Tax Jumps 14.1%
Last Updated: 16th October 2024 - 05:48 pm
CRISIL Limited announced its Q2 result of 2025 financial results for the quarter ending September 30, showing solid revenue growth and profitability. Key metrics improved both quarter on quarter and year on year, with Ratings Services displaying robust performance, while Research, Analytics & Solutions maintained its position as a significant contributor to overall revenue.
Quick Insights:
Revenue: ₹811.84 crore, up by 10.3% YoY.
Net Profit Before Tax: ₹228.53 crore, increased by 14.1% YoY.
Segment Performance: Ratings Services led with a 13.2% QoQ revenue increase.
Management’s Take: "Our focus on core capabilities and digital initiatives is driving resilience and longterm value creation," said Amish Mehta, Managing Director and CEO.
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Management Commentary
Amish Mehta, Managing Director and CEO of CRISIL, stated, "Global growth patterns are diverging, with the U.S. slowing, the Eurozone recovering, and India displaying robust GDP growth. Our businesses have demonstrated resilience by focusing on core capabilities and newage technologies, including Gen AI, which strengthens our value proposition for clients worldwide."
Stock Market Reaction
The 2nd quarter of Crisil result came out after the official market hour thus the reaction of the shareholder has not been captured yet.
About CRISIL and Future Developments
CRISIL, a prominent ratings agency in India, continues to expand its capabilities with a focus on AI driven solutions and digital initiatives. Looking ahead, the company plans to leverage its core strengths to meet evolving market demands, aligning its growth strategy with India’s expanding financial sector. CRISIL Ratings maintained its leading position in the corporate ratings market driven by investors' preference for best-in-class ratings. The revenue of CRISIL Ratings grew by 31.5% on-year in 03 due to the momentum in bond issuances and bank loan ratings.
Global Analytical Centre (GAC) witnessed growth driven by new engagements and an increase in the delegation of rating surveillance work from S&P Ratings. Overall Ratings business grew 29.6% on-year in 03. Global Research and Risk Solutions (GR&RS) saw impact of curtailed discretionary spending by global clients in 03. The business saw momentum in buy side offerings and credit lending solutions for banks. Global Benchmarking Analytics (GBA) continues to focus on deepening client relationships and building new benchmarking offerings. The businesses added new logos during the quarter. Market Intelligence & Analytics (Ml&A) saw traction in credit, risk, and consulting offerings.
CRISIL featured in the Chartis RiskTech100® 2025 list and won in the Model Validation category for the third consecutive year. Furthermore, CRISIL was recognized as a 'Category Leader' in both the Chart is Credit Lending Operations 2024 and the Chartis Regulatory Reporting Solutions 2024.
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