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Feb 14, 2018 08:23 AM IST | Source: PTI

Crisil Q4 net inches up 5% at Rs 95.6 crore

The largest domestic rating agency Crisil has reported a tepid 5.1 percent rise in consolidated net profit for the quarter to December at Rs 95.6 crore over the year-ago period.

The largest domestic rating agency Crisil has reported a tepid 5.1 percent rise in consolidated net profit for the quarter to December at Rs 95.6 crore over the year-ago period.

The S&P-controlled company saw its fourth quarter revenue rise 3.3 percent at to Rs 441.1 crore, the company said in a statement today.

The company said net was affected by an adverse currency impact of Rs 1.9 crore, compared with a gain of Rs 3 crore in the corresponding quarter a year ago.

For the full year, consolidated net rose 3.4 percent to Rs 304.4 crore on an income of Rs 1,661.1 crore, which rose 7.2 percent.

Consolidated net profit for the year was affected by an adverse currency impact of Rs 15.7 crore, compared with a gain of Rs 9.4 crore in 2016.

The company paid three interim dividends amounting to Rs 18 per equity share of face value of Re 1 each and its board has recommended a final dividend of Rs 10 per share, taking the total dividend for the year at Rs 28 a share.

Commenting on the earnings, Ashu Suyash, Managing Director & Chief Executive said, "growth was led by global businesses, and supported by buoyancy in bond ratings and infrastructure advisory services domestically. But this was partially offset by adverse currency movements and the impact of subsidy reduction in the SME Ratings business.
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