CRISIL Announces Quarterly Results (3QFY20); Net Profit Down 16.2%

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CRISIL Announces Quarterly Results (3QFY20); Net Profit Down 16.2%
Mon, 17 Feb

CRISIL has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

CRISIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,6704,3594,6436.5%-0.6%
Other incomeRs m294435200-54.1%-32.2%
TurnoverRs m4,9654,7944,8431.0%-2.5%
ExpensesRs m3,4683,2263,4286.3%-1.2%
Gross profitRs m1,2021,1331,2157.2%1.1%
DepreciationRs m11788936.0%-20.2%
InterestRs m10110.0%-93.1%
Profit before taxRs m1,3691,4801,321-10.7%-3.5%
TaxRs m232429368-14.2%58.6%
Profit after taxRs m1,1381,051953-9.3%-16.2%
Gross profit margin%25.726.026.2
Effective tax rate%16.929.027.8
Net profit margin%22.921.919.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 0.6% on a year-on-year (YoY) basis. The expenses were down by 1.2% YoY during the same period.
  • The company's operating profit increased by 1.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 26.2% in 3QFY20.
  • Depreciation charges declined by 20.2% and finance costs declined by 93.1% YoY, respectively.
  • Other income declined by 32.2% YoY during the quarter.
  • Net profit for the quarter declined by 16.2% YoY. Net profit margins during the quarter declined from 22.9% in 3QFY19 to 19.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.3% QoQ during the same period.
  • The company's operating profit increased by 7.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.2% in 3QFY20 as against 26.0% in 2QFY19.
  • Net profit for the quarter declined by 9.3% QoQ, while net profit margins declined from 21.9% in 2QFY19 to 19.7% in 3QFY20.

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

Discover Now: One Stock for Potentially Life-changing Gains

CRISIL Share Price Performance

Over the last one year,CRISIL share price has moved down from Rs 1,633.8 to Rs 1,585.0, registering a Loss of Rs 48.8 or around 3.0%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 1,585.0, the price to earnings (P/E) ratio of CRISIL stands at 33.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.1 times.

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