Crisil Ratings, the S&P-controlled domestic rating agency reported a net profit of Rs. 90 crores, posting a growth rate of 30 per cent in the July-September quarter of the current fiscal from Rs. 69.42 crore in the corresponding quarter of the previous year. The company stated that the rise in profit was driven by new client additions and focus on efficiencies.

According to the company’s BSE filing that the total income for the quarter under review stood at Rs. 454.22 crores, posting a 10 per cent rise during the third quarter at, whereas the consolidated revenue from operations was posted at Rs. 425.46 crores, surging 4 per cent up.

Ashu Suyash, managing director and chief executive said, “During the quarter, our sharp focus on driving superior customer value and relevant analytics enabled us to grow existing relationships and add new clients across businesses in a tough macro environment.”

She also added, “Our continued focus on quality, and building new tools and analytics while commercialising existing products and solutions, will help us grow in a market that is likely to see continued headwinds.”

According to the company’s statement, from January to September, their consolidated income from operations increased 5 per cent to Rs. 1,281.46 crores, while consolidated total income jumped to Rs. 1,335.20 crores (8 per cent rise) resulting in net income of Rs. 249.35 crore, 19 per cent rise.

Suyash added that the wholesale credit during the August-end period rose by 11.5 per cent as compared to 1.7 per cent growth in the corresponding period last year. Meanwhile, during the first nine months of calendar 2018, bond issuances declined 38 per cent from a growth of 24 per cent a year ago. The Company also declared an interim dividend of Rs. 7 per share.

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