CRISIL Ltd., a subsidiary of S&P Global, on 16 April, released its Q4 report for the period ending 31 March 2024. The report reveals a 5.5% YoY decline in consolidated net profit to Rs 138 crore, compared to Rs 146 crore in the same quarter last year. However, the company’s revenue has shown a positive trend, increasing by 3% YoY to Rs 738 crore.

However, compared to the same quarter last year, the company’s revenue increased 3% YoY to Rs 738 crore from Rs 715 crore.

Earnings before interest, taxes, depreciation, and amortisation, or EBITDA, decreased by 5% to Rs 193 crore from Rs 203 crore in the corresponding quarter of the previous year. For the quarter, EBITDA margins decreased by 200 basis points year over year to 26%. For the quarter ending in March 2023, it was 28%.

For the fiscal year that concluded on 31 December 2024, the board has also decided to distribute an interim dividend of Rs 7 per equity share that will be set by 14 May.

Amish Mehta, Managing Director and CEO of CRISIL said, “While global economic growth surprised on the upside in 2023, it is now expected to moderate in 2024. The momentum in India continues to be good, underscoring the country’s growth potential, though private consumption growth bears watching.”

Mehta added, “Global banking clients remain cautious because of macroeconomic and geopolitical uncertainties, and are aiming for operational efficiencies, regulatory compliance and business transformation. We remain committed to delivering value to all our stakeholders through investments in digital capabilities, talent and new solutions.”

Today, CRISIL’s shares closed 2.80% lower at Rs 4,700 on the NSE.