CRISIL (CRISIL) Q3 2024 earnings summary

Executive summary

• Consolidated revenue from operations for Q3 2024 was ₹811.84 crore, up from ₹735.87 crore in Q3 2023, and for the nine months ended September 2024, revenue was ₹2,346.87 crore, up from ₹2,221.78 crore year-over-year.

• Net profit for Q3 2024 was ₹171.55 crore, compared to ₹150.11 crore in Q3 2023; for the nine months ended September 2024, net profit was ₹459.38 crore, up from ₹448.32 crore year-over-year.

• The Board declared an interim dividend of ₹15 per share.

Financial highlights

• Total income for Q3 2024 was ₹833.20 crore, up from ₹771.84 crore in Q3 2023; nine-month total income was ₹2,407.41 crore, up from ₹2,292.87 crore year-over-year.

• Earnings per share (EPS) for Q3 2024 was ₹23.46, compared to ₹20.79 in Q3 2023; nine-month EPS was ₹62.82, up from ₹61.34 year-over-year.

• Operating profit for Q3 2024 was ₹220.72 crore, up from ₹192.55 crore in Q3 2023.

Outlook and guidance

• The Board approved the merger of Bridge To India Energy Private Limited, a wholly-owned subsidiary, subject to regulatory approvals.

• The ESG rating business has been transferred to a step-down subsidiary, which received SEBI approval to commence operations in April 2024.