Below are Quote on CRISIL Ltd. Q1FY22 results by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd
Crisil Ltd. reported a good set of numbers for Q1FY22 as revenues grew by 12.0% YoY to ₹528.5 crore led by strong traction in research and advisory services which registered growth rates of 20.2% and 14.0% respectively. However the rating business remained under pressure and registered a degrowth of 5.2% YoY to Rs. 136.6 crore. EBIDTA for the quarter stood at ₹139.3 crore up by 19.8% YoY while EBIDTA margins expanded by 172bps YoY to 26.4% largely on account of decline in other expenses. Net profit for the quarter was up by 51.9% YoY to ₹100.8 crore due to better operating margins, higher other income and lower tax rates. Overall the company has posted a good set of numbers for the quarter and we have a positive outlook on the stock as we believe that the research and advisory business would continue to witness robust growth rates.
Above views are of the author and not of the website kindly read disclaimer