IBC recovery rates have fallen, even as average resolution time has increased: CRISIL Ratings
Limited judicial bench strength and delays in identification of defaults hit recovery rates, the rating agency said24-11-2023
24-11-2023
CRISIL LTD. - 500092 - Disclosure Under Regulation 30 Of The SEBI (LODR), Regulations, 2015
Pursuant to Regulations 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), and SEBI Circular dated July 13, 2023, we wish to inform you that CRISIL Limited has received communication from the Office of Commissioner of GST & Central Excise (Audit Raigad), regarding Final Audit Report. Please refer to Annexure A.21-11-2023
CRISIL LTD. - 500092 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Kindly be informed that the Unaudited Consolidated and Standalone Financial Results of the Company for the quarter ended September 30, 2023, have been published today i.e. on November 9, 2023, in newspapers, Financial Express and Sakal. A print layout copy of the same is enclosed. Kindly inform your members accordingly.09-11-2023
CRISIL LTD. - 500092 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation Q3 202309-11-2023
Q3CY23 Quarterly Result Announced for Crisil Ltd.
Financial Services company Crisil announced Q3CY23 results: 1. Financial Results: - CRISIL's consolidated income from operations rose 7.7% to Rs 735.9 crore in Q3CY23, compared to Rs 683.0 crore in Q3CY22. - Consolidated total income increased 3.2% to Rs 771.8 crore in Q3CY23. - Profit before tax increased 6.1% to Rs 200.3 crore in Q3CY23. - Profit after tax rose 2.8% to Rs 152.0 crore in Q3CY23. 2. Dividend Declaration: - The Board of Directors declared an interim dividend of Rs 11 per share for the financial year ending December 31, 2023. 3. Business Performance and Outlook: - CRISIL saw growth across its businesses. - Global macroeconomic outlook and geopolitical uncertainties are impacting growth and discretionary spending by financial institutions. - Medium-term prospects for India remain healthy, with infrastructure spending as the key driver. - The Company continues to focus on client-centricity and developing solutions through talent, domain-led IP, and digital transformation. 4. Industry Analysis: - Q3CY23 was marked by a transitory spike in inflation due to food prices and erratic monsoon. - Domestic demand remained resilient despite headwinds from slowing exports and elevated interest rates. - Infrastructure sector benefited from large-scale government spending. - Corporate bond issuances declined in Q3CY23 due to elevated yields, and the Bank Loan Ratings market was sluggish. 5. Segment Results: - Ratings services and Research, Analytics & Solutions contributed to the overall revenue from operations. - Ratings services segment saw revenue grow 9.1% in Q3CY23, while Research, Analytics & Solutions grew 7.3%. - Global Analytical Center (GAC) increased support to S&P; Global Ratings cross-surveillance and new areas. Amish Mehta, Managing Director and CEO, CRISIL, said, "We saw growth across our businesses. The global macroeconomic outlook and geopolitical uncertainties are impacting growth and discretionary spending by financial institutions. Global banking clients are staying focused on driving growth, regulatory spending and business transformation. The medium-term prospects for India remain healthy with infrastructure spending as the key driver. We continue to focus on client centricity and developing solutions through our high-quality talent, domain-led IP and digital transformation." Result PDF08-11-2023
CRISIL LTD. - 500092 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of shares under Employee Stock Option Scheme of the Company07-11-2023
CRISIL LTD. - 500092 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
We refer to our letter dated November 07, 2023, whereby we filed the Unaudited Standalone and Consolidated Financial Results for the third quarter ended September 30, 2023 with the stock exchanges. In this regard, please find attached herewith the Press Release on the captioned subject. Kindly take this communication on record and inform your members accordingly.07-11-2023
CRISIL LTD. - 500092 - Outcome Of Board Meeting Of CRISIL Limited
Outcome of Board Meeting of CRISIL Limited07-11-2023
CRISIL LTD. - 500092 - Board Meeting Outcome for Outcome For Outcome Of Board Meeting Of CRISIL Limited
Outcome of Board Meeting of CRISIL Limited07-11-2023
Kotak Institutional Equities initiates coverage on credit rating agencies with 'sell' on CRISIL; here's why
Brokerage house Kotak Institutional Equities believes credit rating agencies (CRAs) are well-placed to benefit from credit expansion in the medium term, however, it noted that the valuations for these firms are misplaced.06-11-2023