Earnings boost: Crisil stock surges 14% on robust March quarter PAT - Firstpost
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Earnings boost: Crisil stock surges 14% on robust March quarter PAT

#BSE   #CRISIL   #Interim dividend   #NSE   #Ratings Agency  


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Mumbai: Shares of ratings agency Crisil surged nearly 14 percent after the company posted a 40 percent rise in its consolidated net profit for the quarter ended March.

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The stock zoomed 13.16 percent to Rs 2,244.40 on BSE. On NSE, it advanced 13.59 percent to Rs 2,244.40. Stock markets were shut yesterday for 'Mahavir Jayanti'.

Crisil yesterday posted a 40 percent rise in consolidated net profit at Rs 78.6 crore for the first quarter to March. The company's net profit stood at Rs 56.32 crore in the January-March quarter of last year.

It follows January-December fiscal calendar as against April-March by most Indian companies.
Crisil's total income increased to Rs 368.57 crore for the quarter from Rs 310.72 crore in the year-ago period, it had said in a BSE filing.

On a stand-alone basis, Crisil's net profit was up 44 percent at Rs 65.64 crore in the first quarter of this year. The stand-alone income rose to Rs 267.2 crore during the quarter under review as against Rs 227.3 crore a year ago.

The Crisil board has declared an interim dividend of Rs 5 per share for the financial year ending December 2016.

First Published On : Apr 20, 2016 11:58 IST

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