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.
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Chart · Market context
Crisil price & chart
Quarter overview
Quarterly earnings analysis
Crisil Limited reported its consolidated financial results for the quarter ended 30 June 2026 (Q1 FY27).
During the quarter, the company registered total revenue from operations of INR 1,075.39 crore.
Total income for the period stood at INR 1,096.53 crore, inclusive of other income amounting to INR 21.14 crore.
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.
The tax expense for the quarter was INR 63.38 crore.
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.
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
Crisil PriceMetrix Co. was incorporated as a consolidated subsidiary effective November 7, 2025, contributing to the scope of consolidated financials.
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
| Metric | Q1 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 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.
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.
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
Delivered top-line revenue of Rs 770.85 crore for the quarter, remaining the larger operational revenue engine.
Generated revenue of Rs 305.12 crore from debt and bank loan rating assignments during the quarter.
What drove margins
Employee benefit expenses stood at Rs 576.94 crore on a consolidated basis for the quarter, representing the largest operational cost component.
Consolidated other expenses were recorded at Rs 105.72 crore for Q1 FY27.
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
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.
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.
Net cash generated from operating activities for the six months ended June 30, 2026, stood at Rs 314.04 crore.
Net cash used in investing activities for the half-year period was Rs 303.93 crore, driven by mutual fund investments and capital expenditure.
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
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 for the quarter were Rs 6.70 crore on a consolidated basis.
07 · Beyond the numbers
What changed beyond the numbers
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.
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
Consolidated revenue from operations moved from Rs 1,057.66 crore in Q4 FY26 to Rs 1,075.39 crore in Q1 FY27.
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?
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11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Dividend Distribution: Monitor the payout of the second interim dividend of Rs 10 per share on or before August 5, 2026.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.
