Crisil LimitedQ1 FY27 Results & Financial Update

Crisil Limited: Q1 FY27 consolidated results and company financials – revenue ₹1,075.39 Cr, PAT ₹216.46 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: CRISILPublished 15 Oct 2026Updated 15 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹1,075.39 CrReported Q1 FY27
Profit after tax₹216.46 CrReported Q1 FY27
EPS₹29.60Reported Q1 FY27

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Quarterly Results AnalysisExplore Crisil Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Crisil Limited reported its consolidated financial results for the quarter ended 30 June 2026 (Q1 FY27).

02

During the quarter, the company registered total revenue from operations of INR 1,075.39 crore.

03

Total income for the period stood at INR 1,096.53 crore, inclusive of other income amounting to INR 21.14 crore.

04

Profit before tax (PBT) was recorded at INR 279.84 crore after accounting for depreciation and amortisation expenses of INR 42.47 crore and zero finance costs.

05

The tax expense for the quarter was INR 63.38 crore.

06

Profit after tax (PAT) for Q1 FY27 reached INR 216.46 crore, translating to basic and diluted earnings per share (EPS) of INR 29.60.

07

Profit after tax was ₹216.46 Cr for the reported quarter. EPS was ₹29.60 for the reported quarter.

01 · Business model

What does Crisil do?

Crisil Limited is a prominent analytical company providing ratings, research, and risk and policy advisory services.

The company serves financial institutions, corporates, and market participants globally with independent analytical insights.

Its business model relies heavily on professional knowledge services, credit rating fees, and market research subscriptions.

The business is structured around two primary operating segments: Ratings Services, which covers credit ratings for debt instruments, bank facilities, and structured finance, and Research, Analytics & Solutions, which delivers independent research, risk management tools, benchmarking data, and analytics to domestic and international clients.

02 · Historical context

What shaped the business before this quarter

Subsidiary Integration

Crisil PriceMetrix Co. was incorporated as a consolidated subsidiary effective November 7, 2025, contributing to the scope of consolidated financials.

Common Control Amalgamation

Bridge to India Energy Private Limited was amalgamated into Crisil Limited effective with an appointed date of January 1, 2025, with standalone historical periods restated under Ind AS 103.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹1,075.39 Cr
Total income₹1,096.53 Cr
Profit before tax₹279.84 Cr
Profit after tax₹216.46 Cr
EPS₹29.60

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 20.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 26.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹21.14 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Research, Analytics & Solutions

Delivered top-line revenue of Rs 770.85 crore for the quarter, remaining the larger operational revenue engine.

Ratings Services

Generated revenue of Rs 305.12 crore from debt and bank loan rating assignments during the quarter.

What drove margins

Employee Benefits

Employee benefit expenses stood at Rs 576.94 crore on a consolidated basis for the quarter, representing the largest operational cost component.

Other Operating Expenses

Consolidated other expenses were recorded at Rs 105.72 crore for Q1 FY27.

Depreciation and Amortisation

Depreciation and amortisation expenses for the quarter amounted to Rs 42.47 crore.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Ratings Services Segment

Reported revenue of Rs 305.12 crore and a segment profit of Rs 135.18 crore after accounting for direct segment expenditure of Rs 169.94 crore.

Research, Analytics & Solutions Segment

Reported revenue of Rs 770.85 crore and a segment profit of Rs 157.13 crore after factoring in segment expenditure of Rs 613.72 crore.

06 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Operating cash flow₹314.04 Cr6 Months ended June 30, 2026
Capital expenditure₹45.85 Cr6 Months ended June 30, 2026
Free cash flow₹268.19 Cr6 Months ended June 30, 2026
Operating Cash Flow

Net cash generated from operating activities for the six months ended June 30, 2026, stood at Rs 314.04 crore.

Investing Cash Flow

Net cash used in investing activities for the half-year period was Rs 303.93 crore, driven by mutual fund investments and capital expenditure.

Financing Cash Flow

Net cash used in financing activities for the half year was Rs 303.93 crore, primarily reflecting dividend payouts of Rs 270.58 crore.

Capital allocation & funding

Lease Liabilities

Consolidated non-current lease liabilities were reported at Rs 294.08 crore, with current lease liabilities at Rs 40.58 crore as at June 30, 2026.

Finance Costs

Finance costs for the quarter were Rs 6.70 crore on a consolidated basis.

07 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Composition Changes

Mr. Saugata Saha resigned as Non-executive Director effective July 21, 2026, consequent to his departure from S&P Global. Mr. Abhishek Tomar was appointed as an Additional Non-executive Director effective July 22, 2026.

Reported update

Second Interim Dividend

The Board declared a second interim dividend of Rs 10 per equity share of face value Re 1 each, payable on or before August 5, 2026.

08 · Previous-quarter changes

What changed since the previous quarter

Sequential Revenue Movement

Consolidated revenue from operations moved from Rs 1,057.66 crore in Q4 FY26 to Rs 1,075.39 crore in Q1 FY27.

Sequential Profit Movement

Consolidated net profit after tax shifted from Rs 233.26 crore in Q4 FY26 to Rs 216.46 crore in Q1 FY27.

09 · Key Q&A

The quarter, answered directly

What does Crisil do?

Crisil Limited is a prominent analytical company providing ratings, research, and risk and policy advisory services.

What is the clearest takeaway from Q1 FY27?

Crisil Limited reported its consolidated financial results for the quarter ended 30 June 2026 (Q1 FY27).

What drove revenue or demand?

Delivered top-line revenue of Rs 770.85 crore for the quarter, remaining the larger operational revenue engine.

What mattered most for margins or profitability?

Employee benefit expenses stood at Rs 576.94 crore on a consolidated basis for the quarter, representing the largest operational cost component.

What changed operationally beyond the headline numbers?

Mr. Saugata Saha resigned as Non-executive Director effective July 21, 2026, consequent to his departure from S&P Global. Mr. Abhishek Tomar was appointed as an Additional Non-executive Director effective July 22, 2026.

What should the next disclosure help confirm?

Monitor the payout of the second interim dividend of Rs 10 per share on or before August 5, 2026.

10 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

11 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Dividend Distribution: Monitor the payout of the second interim dividend of Rs 10 per share on or before August 5, 2026.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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