Crisil Limited Earnings Summary — Q1 FY2027
CRISIL Reports Robust Q1 Growth with Consolidated Revenue Up 27.5% and 100% Interim Dividend
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 1.7% sequentially in Q1 FY2027.
- Revenue of ₹1,075 Cr is 27.6% higher year-on-year.
- Revenue has compounded at 18.2% annualised over the last 10 quarters.
- Net profit of ₹216 Cr is 26.2% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 22.3% annualised across the period.
- Operating margin stands at 28.6% in Q1 FY2027.
- Operating margin expanded by 31 bps year-on-year.
- Over the last two years operating margin has expanded by 271 bps.
- PBT margin is 26.0%.
- Expense growth of 27.0% remained below revenue growth of 27.6%.
- Operating profit of ₹308 Cr is 28.9% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 75/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,075 | 1,058 | 1,082 | 911 | 843 | 813 | 913 | 812 | 797 | 738 |
| Expenses | Improving | 768 | 739 | 742 | 648 | 604 | 581 | 626 | 588 | 591 | 546 |
| Operating Profit | Improving | 308 | 319 | 340 | 263 | 239 | 232 | 287 | 224 | 207 | 192 |
| Operating Margin | Stable | 28.6% | 30.1% | 31.4% | 28.9% | 28.3% | 28.5% | 31.4% | 27.6% | 25.9% | 26.0% |
| Other Income | Improving | 21 | 36 | 27 | 37 | 24 | 31 | 30 | 21 | 18 | 21 |
| Interest | Improving | 7 | 7 | 5 | 6 | 6 | 6 | 2 | 1 | 1 | 1 |
| Depreciation | Improving | 42 | 39 | 35 | 32 | 32 | 30 | 21 | 16 | 16 | 17 |
| Profit Before Tax | Improving | 280 | 308 | 327 | 262 | 225 | 227 | 294 | 229 | 208 | 195 |
| Tax | Stable | 63 | 75 | 85 | 69 | 53 | 67 | 70 | 57 | 58 | 58 |
| Net Profit | Improving | 216 | 233 | 242 | 193 | 172 | 160 | 225 | 172 | 150 | 138 |
| Net Margin | Stable | 20.1% | 22.1% | 22.3% | 21.2% | 20.4% | 19.7% | 24.6% | 21.1% | 18.8% | 18.7% |
Key Takeaways
- Consolidated revenue from operations grew 27.6% YoY to ₹1,075.39 crore, driven by strong performance in both Ratings and Research segments.
- The Research, Analytics & Solutions segment reported a 30.1% YoY revenue increase, reaching ₹770.85 crore, benefiting from the integration of PriceMetrix.
- Ratings services segment revenue rose 21.4% YoY to ₹305.12 crore, supported by surveillance fees and mid-corporate segment momentum despite hardening yields.
- Board approved a second interim dividend of ₹10 per equity share, up from ₹8 in the prior year period.
- Net profit after tax grew 26.1% YoY to ₹216.46 crore, though it saw a slight sequential decline from Q4 FY2026.
- Management highlighted a timing effect in global business renewals which contributed approximately USD 4.5 million in incremental Q1 revenue.
- Board changes were announced, with Abhishek Tomar appointed as a Non-executive Director following the resignation of Saugata Saha.
Management Guidance
Management expects India's GDP to grow at 7.1% for the fiscal year, though they flag downside risks from the West Asia conflict which could slow growth to 6.8%. They anticipate bank credit growth to remain healthy at around 13% for FY2027.
Sentiment Shift
Improving
Strong year-on-year growth across all segments and the successful integration of PriceMetrix indicate high operational momentum, despite macroeconomic volatility and specific 'timing effects' that boosted Q1 results.
Outlook
The outlook remains constructive for India operations due to domestic economic resilience, while global segments are focusing on high-growth areas like private markets and AI-driven analytics. Monitoring risks from global trade uncertainties and commodity-led inflation remains a priority.
From the Annual Report (Key Quotes)
“Our customer-centric approach and domain-led solutions have enabled us to drive meaningful impact for our clients.”
“We serve 11,400-plus clients in 40 countries globally, including India's leading banks and most global corporate investment banks.”
“We see increasing downside risk to our base case with the current ongoing conflict in West Asia.”
“The momentum has strengthened further in Quarter 1 FY26, with revenues up 30.1% year-on-year, aided by business growth and timing effects.”
Official Quarterly Documents
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This summary is AI-generated from Crisil Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.