CRISIL Q1 Profit Dips 5.5% YoY to Rs 138 Crore, Rs 7 Dividend Declared
The Board of Directors of CRISIL Ltd has announced to share the unaudited financial results for the first quarter ended March 31, 2024.
![CRISIL Q1 Profit Dips 5.5% YoY to Rs 138 Crore, Rs 7 Dividend Declared](https://www.psuconnect.in/sdsdsd/crisil.jpg)
CRISIL's consolidated income from operations for the quarter ended March 31, 2024, rose 3.2% to Rs 737.7 crore, compared with Rs 714.9 crore in the corresponding quarter of the previous year. Consolidated total income for the quarter ended March 31, 2024, was up 3.6% to Rs 758.8 crore, compared with Rs 732.2 crore in the corresponding quarter of the previous year.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY
Profit before tax for the quarter ended March 31, 2024, rose 1.0% to Rs 195.5 crore, compared with Rs 193.6 crore in the corresponding quarter of the previous year. Profit after tax for the quarter ended March 31, 2024, was 5.5% lower at Rs 137.7 crore, compared with Rs 145.8 crore in the corresponding quarter of the previous year.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsCorporate bond issuances grew 9% on-year in the quarter ended March 31, 2024, vs 28% for full year 2023. Bank credit growth was 16.5%, driven by demand from the retail and services sectors. Large corporate credit growth was tepid at 6.6%.
CRISIL expects India's GDP growth to moderate to 6.8% in fiscal 2025 due to high interest rates, fiscal consolidation and uneven global growth. On the other hand, healthy corporate balance sheets, a robust banking system, the government's capex focus and the broad basing of private investment will be supportive of domestic activity.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh