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.
Income from operations
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (eoy) (m)
Diluted Earnings per share*
P/E (at current price)
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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