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Business News/ Companies / Company-results/  Crisil Q4 profit stays flat at 73 crore
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Crisil Q4 profit stays flat at ₹73 crore

Rating agency Crisil has reported a muted net profit in March quarter at ₹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/ MintPremium
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 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 73.15 crore.

Net was impacted by 11.9 crore due to adverse forex movement against a gain of 3.31 crore in the year-ago period. Its consolidated income grew 12% to 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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Published: 21 Apr 2017, 05:09 PM IST
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