Crisil Q1 profit slips 5 pc to Rs 138 crore

(20 second reading) Ratings firms Crisil reported a 5.4 per cent drop in consolidated net profit to Rs 138 crore for the Q1 ended March 31. The company had posted a net profit of Rs 146 crore in the same period last year.
Crisil’s consolidated total income rose to Rs 751 crore for the quarter ended March 31, 2024, from Rs 732 crore a year ago.
Its board has also approved the payment of an interim dividend of Rs 7 per equity share of face value of Re 1 each, for the financial year ending December 31, 2024, which will be paid on May 14, 2024, it said.
The rating agency expects India’s GDP growth to moderate to 6.8 per cent in fiscal 2025 due to high-interest rates, fiscal consolidation and uneven global growth.