BAJAJ BROKING
CRISIL Limited, an S&P Global company, announced its unaudited consolidated financial results for the third quarter of FY2024, demonstrating robust growth across its segments. The company achieved significant growth in profit before tax (PBT), driven by resilient business operations and market demand for its analytical services.
CRISIL's consolidated revenue from operations in Q3 FY2024 increased by 10.3% YoY to ₹811.8 crores, compared to ₹735.9 crores in the same quarter last year. The Profit Before Tax (PBT) rose to ₹228.5 crores, showing a growth of 14.1% from the corresponding quarter of FY2023, which stood at ₹200.3 crores. This impressive growth is attributed to the company’s resilience and demand for its ratings, research, and risk solutions.
CRISIL's performance exceeded sector expectations, driven by its strong ratings business and expanding footprint in risk solutions and analytics. The company's strategy to focus on new technologies, including AI in credit assessments, helped it stay ahead of competitors in the analytics space.
Metrics | Q3 FY2024 | Q3 FY2023 |
Revenue from Operations (₹ Cr.) | 811.8 | 735.9 |
Profit Before Tax (PBT) (₹ Cr.) | 228.5 | 200.3 |
Cons Total Income (₹ Cr.) | 833.2 | 771.8 |
CRISIL’s Q3 FY2024 results reflect the company’s strong operational performance, driven by its market-leading ratings business and continued focus on innovation. The company's ability to maintain growth in a challenging economic environment demonstrates its strategic resilience and leadership in the analytics industry.
Check out CRISIL's past performances in previous quarters and financial years.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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