Home Buisness Market Insight Crisil reported a 13 percent rise in Q3 net profit at Rs....

Crisil reported a 13 percent rise in Q3 net profit at Rs. 171.55 crores

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PratapDarpan
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Crisil reported a 13 percent rise in Q3 net profit at Rs. 171.55 crores

Ratings agency CRISIL on Wednesday reported a 13 per cent rise in its consolidated net profit for the September quarter at Rs. 171.55 crore was registered. In the July-September period of the last financial year, the company received Rs. 152 crore net profit was made.

In the third quarter ended September, its total revenue rose to Rs. 833 crore which in the previous year period was Rs. 771.84 crores.

In a regulatory filing, Crisil Ltd said the board of directors has decided to issue Rs 1 per equity share of face value of Rs 1 each for the financial year ending December 31, 2024. 15 has approved the payment of third interim dividend.

The Boards of Directors of Peter Lee Associates Pty Ltd (PLA) and Crisil Irevna Australia Pty Ltd (Crisil Australia), two wholly-owned subsidiaries of Australia-based Crisil Ltd, have approved the sale of PLA’s business to CRISIL Australia. Business Transfer Agreement.

After this PLA will be deregistered. Crisil Ltd said in a BSE filing that this would mean operating only one subsidiary in Australia.

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    Crisil Australia will pay a cash consideration equivalent to the net asset value of PLA’s business on the date of completion of the transfer.

    Amish Mehta, Managing Director and CEO, Crisil Limited, said, “We are investing in new-age technologies including Gen Al and have successfully deployed Gen Al credit assessment solutions for our global clients”.

    Shares of Crisil rose 2.10 percent from their previous close on the BSE to Rs. It closed at 4,789.85.

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