Home ECONOMY CRISIL posts lower net profit in first quarter

CRISIL posts lower net profit in first quarter

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Chennai, April 17:

Credit-rating company CRISIL Ltd. closed the first quarter ended on March 31 with a lower top and bottomline, the company said on Friday.

pic:commodityonline.com
pic:commodityonline.com

The company board declared an interim dividend of Rs.4 per share for the financial year ending on December 31, 2015, the company said.

In a regulatory filing in BSE, the company said its consolidated income from operations was Rs.307.62 crore for the quarter ended March 31, as against Rs.309.23 crore logged during the corresponding period of the previous year.

According to CRISIL, the consolidated after-tax-profit for the first quarter this year was Rs.56.32 crore — down from Rs.68.71 crore posted during the corresponding period of the previous year.

The company said rating revenues were mainly impacted by reduced budgetary support from the government for the NSIC-Performance and Credit Rating Scheme for small and medium enterprises. (IANS)