CRISIL Q3 net profit up 75% at Rs75.4 crore
Moneylife Digital Team 19 October 2010

Ratings agency CRISIL Ltd said its third quarter net profit jumped 75% to Rs75.4 from Rs43.1 crore as its revenues grew 20%.

For the third quarter to end-September, the ratings agency said its total revenues rose to Rs159.1 crore from Rs1323.9 crore, a year ago.

CRISIL has declared an interim dividend of Rs25 per share.

During the quarter under review, the firm entered an agreement to purchase the business of investment research services player Pipal Research Corporation.
Besides, it also released its 5,000th bank loan rating during the last quarter and launched star ratings service for the real-estate segment, it said in a release.

On Tuesday, CRISIL shares ended flat at Rs6,117 on the BSE, while the benchmark Sensex declined 0.9% to 19,983 points.

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