CRISIL's audited financial results for Q3FY12

CRISIL has come out with its report on audited financial results for the year ended December 31, 2011.

CRISIL registered a consolidated total income of Rs. 827.18 crore for the year, up from Rs. 631.05 crore in the previous year, an increase of 31.1 per cent. Its consolidated profit after tax for 2011 was Rs. 206.41 crore, as against Rs. 205.46 crore in the previous year. Adjusted for one-time income from sale of assets and long term investments, profit after tax showed an increase of 22.5%.

The Board of Directors of the Company at its meeting, has approved the proposal to issue options to be converted into equity shares not exceeding 9,25,000 equity shares which is 1.32% of the issued and paid-up equity share capital of the Company to the employees and whole-time directors of the Company and its subsidiary companies in accordance with SEBI (Employees Stock Option Scheme and Employees Stock Purchase Scheme) Guidelines 1999, subject to the approval of the members of the Company by postal ballot mechanism.

The Directors have recommended payment of final dividend of Rs. 2.75 per share. During the year, CRISIL returned Rs. 157.09 crore to shareholders through a dividend payout of Rs. 77.82 crore and a share buyback of Rs.79.27 crore. CRISIL also sub-divided its equity shares, from a nominal value of Rs.10/- per share to Re.1/-per share.

CRISIL Ratings maintained its leading position in the ratings market in India, in a year in which bond issuances remained muted because of high interest rates and tight liquidity. The major contributors to CRISIL Ratings

Read More