CRISIL Ltd's shares surged by over 7% in early trading on October 17, 2024, following the release of its strong second-quarter financial results. The rating agency reported a 12.9% year-on-year (YoY) growth in net profit, reaching ₹171.6 crore for the quarter ending September 30, 2024.
This robust performance highlights CRISIL's continued strength in the share market, a key indicator for investors eyeing share market investment opportunities.
Key financial highlights
CRISIL's revenue from operations grew by 10.3% YoY to ₹811.8 crore. At the operational level, earnings before interest, tax, depreciation, and amortisation (EBITDA) soared 16.7% YoY to ₹223.8 crores, with an improved EBITDA margin of 27.6%. This is a significant improvement from the 26.1% margin seen in the corresponding quarter last year. Despite some challenges posed by foreign exchange fluctuations, the company's financials remained strong, further reinforcing its attractiveness for share market investment enthusiasts.
Dividend and market performance
Alongside its strong earnings, CRISIL announced an interim dividend of ₹15 per share for FY25, an increase from ₹11 per share in the same period last year. This dividend hike makes the stock even more appealing for investors seeking steady returns from their share market investment.
As of 9:56 am, CRISIL shares were trading more than 4% higher at ₹4,985.30 on the National Stock Exchange (NSE). The stock has outperformed the Nifty index with a year-to-date rise of 17%, compared to Nifty's 14.8% gain. Over the past year, CRISIL has delivered a 29% return, surpassing Nifty's 26% rise.
Key takeaways
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