Crisil net rises 38.5% to Rs 60.52 cr in Apr-Jun quarter | business | Hindustan Times
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Crisil net rises 38.5% to Rs 60.52 cr in Apr-Jun quarter

business Updated: Jul 19, 2013 22:04 IST

Rating agency Crisil todayreported 38.5% rise in consolidated net profit to Rs 60.52 crore for the April-June quarter.

The company's net profit was at Rs 43.70 crore in the same period of 2012-13 fiscal. Its second quarter income from operations rose 22.8% to Rs 265.84 crore, against Rs 216.55 crore reported in the year-ago period.

The rating agency, which follows January-December financial year cycle, reported 9.3% rise in net profit in the first six months of the fiscal to Rs 110 crore, against Rs 100.68 crore reported a year earlier.

"The growth in ratings revenue was driven by an increase in bond issuances during the quarter... SME Ratings business also reported strong growth, backed by greater acceptance by the banking system and an increasing footprint across the country," the company said.

Its Global Analytical Centre (GAC) continued to see good demand from analytical teams of Standard & Poor?s. As per the company, Crisil Research rolled out 23 debt indices of varying maturities across the gilt, credit and money markets for the domestic market during the reporting period.