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Crisil: Revenue growth improves - Views on News from Equitymaster
 
 
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  • Jul 25, 2001

    Crisil: Revenue growth improves

    Crisil has reported a 20% growth in topline with the improvement in debt market conditions during 1QFY02. Earnings of the company too witnessed a 10% growth fueled by over 300% jump in other income.

    (Rs m) 1QFY01 1QFY02 Change
    Income from operations 103 124 20.4%
    Other Income 1 4 345.0%
    Expenditure 57 72 27.2%
    Operating Profit (EBDIT) 46 52 12.1%
    Operating Profit Margin (%) 44.8% 41.7%  
    Interest - -  
    Depreciation 14 18 25.0%
    Profit before Tax 33 38 15.8%
    Tax 11 14 27.3%
    Profit after Tax/(Loss) 22 24 10.1%
    Net profit margin (%) 21.4% 19.6%  
    No. of Shares (eoy) (m) 6.2 6.2  
    Diluted Earnings per share* 14.2 15.6  
    P/E (at current price)   7  
    *(annualised)      

    The company's operating margins however, declined by 300 basis points due to higher establishment expenses and professional fees, which rose by 50% and 78% respectively. Crisil is required to control the cost to improve bottomline growth.

    At the current market price of Rs 129 Crisil is trading at PER of 7x 2QFY02 earnings and a Price/Book value ratio of 1x. Crisil's topline growth was outstanding considering the widespread difficulties in the economy and industry. However, due to higher operating expenses the company's net took a hit.

     

     

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    Aug 23, 2017 10:47 AM

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