Crisil's 2Q profits drop by 18% - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Crisil's 2Q profits drop by 18%

Oct 30, 2000

Credit Rating and Information Services of India Ltd. (Crisil) has reported a year on year 18% drop in its profits in 2QFY01 to Rs 23 m. Considering the reduction in the rated debt market, the company has done appreciably well with a topline growth of 38%.

(Rs m) 2QFY00 2QFY01 Change
Income from operations 83 114 37.6%
Other Income 11 6 -49.0%
Expenditure 43 68 55.7%
Operating Profit (EBDIT) 40 47 17.8%
Operating Profit Margin (%) 47.7% 40.8%  
Interest - -  
Depreciation 6 15 133.6%
Profit before Tax 45 37 -16.2%
Tax 17 15 -13.7%
Profit after Tax/(Loss) 28 23 -17.7%
Net profit margin (%) 33.5% 20.0%  
Diluted number of shares (m) 6.2 6.2  
Diluted Earnings per share* 17.9 14.7  
P/E (at current price) 10 13  

Crisil's bottomline took a severe hit due to decline in other income and increase in depreciation cost. Other income declined considerably, since during the year it utilised its treasury in acquiring the business of Information Products and Research Services India Pvt. Ltd alongwith its brand 'Infac'. Depreciation cost was higher by 133% due to acquisition of brand and purchase of new office premises.

Its operating profit margins also declined to 40.8% due to 28% increase in staff expenditure. The increase in expenses is mainly due to the company's dotcom initiatives.

At the current market price of Rs 185, Crisil is trading at PER of 15 times its 2QFY01 annualised earnings.

Equitymaster requests your view! Post a comment on "Crisil's 2Q profits drop by 18%". Click here!


More Views on News

CRISIL 2018-19 Annual Report Analysis (Annual Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

Here's an analysis of the annual report of CRISIL for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of CRISIL. Also includes updates on the valuation of CRISIL.

LIC Housing Finance Shares Skid 5% as Profit Falls Due to Higher Provisions (Views On News)

Jun 16, 2021

LIC Housing Finance share price fell over 5.6% today to Rs 492.7.

DHFL Shares Rally Nearly 10% on Good Results (Views On News)

Jun 7, 2021

With a resolution plan underway, can the stock of the company go higher?

Bajaj Finance Shares Tumble 5% amid Asset Quality Concerns (Views On News)

Jun 7, 2021

Bajaj Finance shares fall 5% after weak mid-quarter business update.

Magma Fincorp Shares Locked in 5% Upper Circuit (Views On News)

Jun 1, 2021

Here's why the shares went up despite a Rs 6.3 bn loss in the latest quarter.

More Views on News

Most Popular

Hotel Stocks Will Reward Investors (Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

My 'Unlock' Investments (Fast Profits Daily)

Jun 11, 2021

The best unlock investments you can make in the market.

The Most Visible Sign of India's Revival is on Two Wheels (Profit Hunter)

Jun 9, 2021

Investing in the best stocks could result in wealth compounding on a massive scale.

How I Discovered a 400-Year-Old Open Secret to Extreme Wealth (Profit Hunter)

Jun 11, 2021

Charlie Munger's open secret about investing success.


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms


Jun 18, 2021 (Close)