Crisil reports 13 per cent rise in third quarter net profit to Rs 171.55 cr

rating agency chrysile on Wednesday it reported a 13 percent growth in its consolidated net revenue to Rs 171.55 crore for the September quarter. The company had a net profit of Rs 152 crore in the July-September period of the last fiscal year.

Its total revenue rose to Rs 833 crore in the third quarter ended September from Rs 771.84 crore in the year-ago period.

In a regulatory filing, Crisil Ltda said the Board of Directors approved the payment of a third interim dividend of Rs 15 per share of face value of Re 1 each for the financial year ending December 31, 2024.

The board of directors of Peter Lee Associates Pty Ltd (PLA) and Crisil Irevna Australia Pty Ltd (Crisil Australia), the two Australian-based wholly owned subsidiaries of Crisil Ltd, have approved the sale of the PLA business to CRISIL Australia through a business transfer agreement.

This will be followed by a deregistration of the PLA. This will mean operating a single subsidiary in Australia, Crisil Ltd said in a BSE filing.

Crisil Australia will pay cash consideration equal to the net asset value of the PLA business on the date of completion of the transfer. Amish Mehta, MD & CEO, Crisil Ltd, said, “We are investing in new age technologies including Gen Al and have successfully implemented a Gen Al credit assessment solution for our global customers.”

Crisil shares closed at Rs 4,789.85, up 2.10 per cent from the previous close on BSE.

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