This Rekha Jhunjhunwala-backed stock declares dividend of ₹7 per share, posts 20% growth in Q1 PAT
CRISIL Ratings' performance was aided by higher corporate bond issuances (both, by quantum and the number of issuers) during the first quarter. Overall revenue was up 16.9% on-year in the quarter.
Rekha Jhunjhunwala is among the major public shareholders in the rating agency CRISIL which has garnered healthy growth across verticals in the first quarter of 2023. On Tuesday, CRISIL also declared a dividend of ₹7 per share for its shareholders. CRISIL posted nearly 20% YoY growth in PAT and a 19% YoY rise in total income. Also, the quarter witnessed appreciation in the Indian rupee and the British pound versus the US dollar, resulting in an adverse foreign exchange impact. CRISIL also expanded its footprint in Asia-Pacific with the acquisition of Peter Lee Associates.