Key Highlights:
- Q2 profit before tax rose 8.2 percent, with PAT up 14.3 percent year-on-year.
- Interim dividend of Rs 9 per share declared for shareholders.
- Ratings and risk solutions segments recorded strong growth and client wins.
Mumbai: Crisil Limited announced its unaudited financial results for Q2 2025, ending June 30, reporting a 5.7 percent year-on-year increase in consolidated income from operations to Rs 843 crore, and a 6.3 percent rise in total income to Rs 866.6 crore. Profit before tax grew by 8.2 percent to Rs 225 crore, while profit after tax surged 14.3 percent to Rs 171.6 crore.
For the first half of 2025 (H1 2025), income from operations rose 7.9 percent to Rs 1,656.2 crore, with profit before tax up 12.1 percent to Rs 452.2 crore and profit after tax growing 15.1 percent to Rs 331.4 crore. The board declared an interim dividend of Rs 9 per share.
Resilient Performance Amid Global Challenges
Managing Director & CEO Amish Mehta attributed the results to Crisil’s strong foundation, strategic investments in technology and talent, and a diversified portfolio. He highlighted India’s economic resilience, with GDP growth forecast at 6.5 percent this fiscal, backed by public investment, low inflation, and favorable monsoon conditions.
The RBI’s 100 bps repo rate cut and 100 bps CRR cut are also expected to improve rate transmission and spur growth. Inflation dropped to 2.1 percent in June, the lowest since February 2019.
Segment Performance and Market Trends
Crisil Ratings revenue grew 15.7 percent in Q2, strengthening its leadership in corporate bond ratings. Rating services overall saw 18 percent year-on-year growth. Research, analytics, and solutions revenue rose 1.3 percent, with traction in data analytics, credit, and risk solutions. Crisil Integral IQ remained resilient despite global discretionary spending cuts, winning new mandates and hosting a New York roundtable on private markets.
Coalition Greenwich expanded with fresh client engagements and insights on global financial trends. Corporate bond issuances rose 62 percent year-on-year in Q2, albeit on a low base, while bank credit growth slowed to 9 percent in May 2025, down from 16.2 percent a year earlier.
Franchise and CSR Activities
Crisil hosted its 3rd Annual Infrastructure Summit, with sectoral focus on real estate, renewables, and roads. It also led multiple webinars and research collaborations, including one with The Economic Times. Crisil Foundation continued its outreach, reaching 4.5 lakh people through its 'Mein Pragati' initiative in Assam and Rajasthan.
Crisil received 14 recognitions across various Chartis risk and analytics reports in H1 2025, affirming its position as a knowledge and technology leader.
