India : The Board of Directors of CRISIL Ltd convened today and endorsed the audited financial outcomes for the quarter and full year concluding on December 31, 2023.
CRISIL Limited Statement of Consolidated Financial Results for the three months ended December 31, 2023 :
| All Numbers are in Rs Crores Except EPS | Quarter Ended 31.12.2023 | Quarter Ended 30.09.2023 | Quarter Ended 31.12.2022 |
|---|---|---|---|
| Total Income | 953.56 | 771.84 | 840.64 |
| Total Expenses | 674.75 | 571.53 | 633.64 |
| Profit/ (loss) before tax | 278.81 | 200.31 | 207.00 |
| Net Profit after tax | 210.12 | 151.99 | 158.02 |
| Total comprehensive income | 224.71 | 175.83 | 223.02 |
| EPS | 28.74 | 20.79 | 21.63 |
Highlights for quarter and year ended December 31, 2023:
- Revenue from operations increased by 11.6% for the quarter and 13.4% for the entire year.
- Pre-tax profit surged by 34.7% in the quarter and 16.9% for the full year.
- The proposed final dividend stands at Rs 28 per share, resulting in a total dividend payout of Rs 54 per share for the year 2023, compared to Rs 48 per share in the previous year.
- For the quarter ended December 31, 2023, CRISIL’s consolidated income from operations increased by 11.6% to Rs 917.7 crore, compared to Rs 822.3 crore in the same quarter of the previous year. The consolidated total income for the quarter rose by 13.4% to Rs 953.6 crore, compared to Rs 840.6 crore in the corresponding quarter of the previous year.
- Profit before tax for the quarter ended December 31, 2023, surged by 34.7% to Rs 278.8 crore, compared to Rs 207.0 crore in the corresponding quarter of the previous year. This quarter’s profit before tax includes a one-off gain of Rs 29.4 crore due to the sharp devaluation of the Argentinian peso in December.
- Profit after tax for the quarter ended December 31, 2023, increased by 33.0% to Rs 210.1 crore, compared to Rs 158.0 crore in the corresponding quarter of the previous year.
- For the year ended December 31, 2023, CRISIL’s consolidated income from operations grew by 13.4% to Rs 3,139.5 crore, compared to Rs 2,768.7 crore in the corresponding period of the previous year. The consolidated total income for the year rose by 11.6% to Rs 3,246.4 crore, compared to Rs 2,907.8 crore in the corresponding period of the previous year.
- Profit before tax for the year ended December 31, 2023, increased by 16.9% to Rs 867.7 crore, compared to Rs 742.4 crore in the corresponding period of the previous year. Profit after tax for the same period increased by 16.7% to Rs 658.4 crore, compared to Rs 564.4 crore in the corresponding period of the previous year.
- In 2022, a rise in the US dollar against the rupee and the British pound had increased profitability, including Rs 30.1 crore from the revaluation of a subsidiary loan.