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Crisil India: Bank Loan and SME Ratings Drives Growth

Crisil Ltd, one of India’s credit rating agencies, has reported a 7.5 per cent rise in net profit at Rs 60 crore during the October-December quarter compared with Rs 56 crore in the year-ago period.  Its consolidated profit-after-tax was Rs 220 crore against Rs 206 crore, an increase of 6.8 per cent, the company said in a statement.

Consolidated total income during the quarter ended December 31, 2012 increased 20 per cent to Rs 262 crore from 219 crore in the corresponding quarter last year.  During the year, dividend payouts to the shareholders were at Rs 112 crore. With three interim dividends, the total dividend for the year was at Rs 16 per share.

The major contributors to Crisil Ratings’ revenue growth were Bank Loan Ratings (BLRs) and Small & Medium Enterprises (SME) ratings.  The company announced 3,600 new BLRs and 10,000 SME ratings during the year.

The McGraw-Hill Companies own a majority interest in Crisil.

Source: Thehindubusinessline

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