Mumbai : Country’s largest rating agency Crisil reported an over 12% rise in consolidated net profit at Rs 64.92 crore for the second quarter ended June 2015. The city-based company had reported a net profit of Rs 57.83 crore in the same period of the previous fiscal. Crisil said consolidated sales rose 8% to Rs 329.56 crore.
Crisil follows January-December fiscal. The domestic business environment was subdued as capital markets remained muted with a few new debt issuers hitting the market, the firm said. It added, the SME ratings business also witnessed headwinds on account of limited budgetary allocation of subsidy by the government. The major growth driver was the bank-loan ratings business which showed a steady expansion, it further said.
CARE Ratings net falls
Ratings firm Credit Analysis and Research Ltd (CARE) reported a fall of 34% in its net profit at Rs 17.49 crore for the first quarter of 2015-16. Total income, however, increased by 13.5% to Rs 48.44 crore during the quarter. The company also declared first interim dividend of Rs 6 per equity share. Shares of CARE
Ratings closed 0.27% up at Rs 1,471.75 apiece on BSE.