The board of Crisil Limited approved unaudited consolidated results for the quarter ended 31 March 2026 showing growth across key metrics. Consolidated income from operations rose 30.1 per cent to Rs 10,577 million (mn) from Rs 8,132 mn a year earlier, and consolidated total income increased 29.6 per cent to Rs 10,937 mn. Profit before tax rose 35.7 per cent to Rs 3,084 mn and profit after tax grew 45.9 per cent to Rs 2,333 mn. The quarter included a favourable foreign exchange movement, with a gain of Rs 144 mn versus a loss of Rs 52 mn in the prior year.

An interim dividend of Rs nine per share was declared. Management attributed growth to client centricity and domain-led solutions and said investments in generative artificial intelligence and digitalisation supported product development. Leadership emphasised focus on increasing wallet share in core markets and expanding into adjacencies and new client segments. The company said it is entering its fortieth year of operations.

Crisil set out a macro outlook, projecting base case GDP growth of 7.1 per cent and a downside scenario of 6.8 per cent if geopolitical disruptions persist. The firm noted elevated yields and a 12 per cent year-on-year decline in corporate bond issuance by volume, while the number of issuers rose a marginal five per cent. Bank credit was up 14.5 per cent as of February 2026 compared with 11.1 per cent a year earlier. Management also observed that near-term rupee depreciation provided a tailwind to revenue.

Ratings revenue rose 18.9 per cent year-on-year and the research, analytics and solutions segment grew 34.9 per cent, buoyed by demand for risk and data analytics. The global analytics centre expanded surveillance support to S&P Global and the group launched a unified intelligence platform, Crisil i360, in February 2026. Franchise activity included flagship events and partnerships, while community programmes reached 0.21 million (mn) additional people through the Sakhi cadre and facilitated about 0.15 mn linkages. Memoranda were signed to plant 86,000 trees and construct check dams as part of sustainability efforts.