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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.

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