Crisil Q4 profit stays flat at Rs 73 crore

Rating agency Crisil has reported a muted net profit in March quarter at Rs 73.34 crore while its March 2016 net profit stood at Rs73.15 crore


Crisil net profit was impacted by Rs 11.9 crore due to adverse forex movement against a gain of Rs 3.31 crore in the year-ago periodPhoto: Abhijit Bhatlekar/ Mint
Crisil net profit was impacted by Rs 11.9 crore due to adverse forex movement against a gain of Rs 3.31 crore in the year-ago periodPhoto: Abhijit Bhatlekar/ Mint

Mumbai: Rating agency Crisil has reported a muted net profit at Rs 73.34 crore for the March quarter, largely due to adverse forex movement and subdued growth in the mid-corporate and MSME segments.

Its March 2016 net profit stood at Rs 73.15 crore.

Net was impacted by Rs 11.9 crore due to adverse forex movement against a gain of Rs 3.31 crore in the year-ago period. Its consolidated income grew 12% to Rs 402.23 crore, the company said in a statement.

“Growth for the quarter was driven by our research segment on account of opportunities in risk & analytics such as model validation, stress testing and regulatory change management,” the company said, adding the ratings business witnessed modest growth despite a continued weak investment climate and soft credit growth.

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