CRISIL Announces Quarterly Results (1QFY22); Net Profit Up 51.9%

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CRISIL Announces Quarterly Results (1QFY22); Net Profit Up 51.9%
Mon, 26 Jul

CRISIL has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

CRISIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m4,7184,9525,2856.7%12.0%
Other incomeRs m12113522063.3%81.1%
TurnoverRs m4,8405,0875,5058.2%13.7%
ExpensesRs m3,5563,6773,8925.8%9.5%
Gross profitRs m1,1621,2751,3939.3%19.8%
DepreciationRs m313278273-1.9%-12.9%
InterestRs m372626-2.3%-31.2%
Profit before taxRs m9331,1051,31418.9%40.8%
TaxRs m27027030613.5%13.5%
Profit after taxRs m6638351,00820.7%51.9%
Gross profit margin%24.625.726.4
Effective tax rate%28.924.423.3
Net profit margin%13.716.418.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 12.0% on a year-on-year (YoY) basis. The expenses were up by 9.5% YoY during the same period.
  • The company's operating profit increased by 19.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.4% in 1QFY22 as against 24.6% in 1QFY21.
  • Depreciation charges declined by 12.9% and finance costs declined by 31.2% YoY, respectively.
  • Other income increased by 81.1% YoY during the quarter.
  • Net profit for the quarter increased by 51.9% YoY. Net profit margins during the quarter increased from 13.7% in 1QFY21 to 18.3% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.8% QoQ during the same period.
  • The company's operating profit increased by 9.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.4% in 1QFY22 as against 25.7% in 4QFY21.
  • Net profit for the quarter increased by 20.7% QoQ, while net profit margins increased from 16.4% in 4QFY21 to 18.3% in 1QFY22.

To see how CRISIL has performed over the last eight quarters,please visit here.

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CRISIL Share Price Performance

Over the last one year, CRISIL share price has moved up from Rs 1,730.3 to Rs 3,007.7, registering a Gain of Rs 1,277.4 or around 73.8%.

Overall, the S&P BSE SENSEX is up 39.7% over the year.

Current Valuations

At the current price of Rs 3,007.7, the price to earnings (P/E) ratio of CRISIL stands at 56.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.4 times.

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